Voor het einde van het jaar zal China meer auto's exporteren dan Japan, verwachten onderzoekers van Moody's. Eerder haalden de Chinezen Duitsland en Zuid-Korea al in.  ( 3 min )

Streamingdienst Netflix gaat naast films en series ook games aanbieden. Om de spelletjes op je televisie te spelen, hoef je geen joystick aan te schaffen. Netflix-klanten kunnen hun smartphone als controller gebruiken.  ( 3 min )

Op NU.nl vind je elke dag een stelling die bij het nieuws past. Energiebedrijf Vandebron gaat klanten met zonnepanelen tot tientallen euro's per maand extra in rekening brengen. Als het aan de Tweede Kamer ligt, wordt de salderingsregeling de komende jaren ook afgebouwd. Vandaag is de stelling: "Door extra kosten wordt het steeds minder aantrekkelijk om zonnepanelen te nemen." Breng je stem uit en discussieer mee.  ( 2 min )

De roebel daalt al maanden in waarde en de centrale bank in Rusland probeert daar nu met een stevige rente-ingreep een einde aan te maken. Dat lijkt direct na het besluit ook even te werken.  ( 3 min )

Op NU.nl vind je elke dag een stelling die bij het nieuws past. Energiebedrijf Vandebron gaat klanten met zonnepanelen tot tientallen euro's per maand extra in rekening brengen. Als het aan de Tweede Kamer ligt, wordt de salderingsregeling de komende jaren ook afgebouwd. Vandaag is de stelling: "Door extra kosten wordt het steeds minder aantrekkelijk om zonnepanelen te nemen." Breng je stem uit en discussieer mee.  ( 2 min )

Streamingdienst Netflix gaat naast films en series ook games aanbieden. Om de spelletjes op je televisie te spelen, hoef je geen joystick aan te schaffen. Netflix-klanten kunnen hun smartphone als controller gebruiken.  ( 3 min )

Energiebedrijf Vandebron gaat klanten met zonnepanelen tientallen euro's per maand extra in rekening brengen. Ruim 70.000 klanten gaan meer meebetalen aan de kosten voor het terugleveren van stroom aan het netwerk.  ( 4 min )

De Chinese economie zit in zwaar weer. De economische groei is zeer laag en er is sprake van deflatie, waarbij prijzen dalen mede doordat consumenten minder uitgeven. De Chinese centrale bank probeert met een renteverlaging voor herstel te zorgen.  ( 3 min )

Energiebedrijf Vandebron gaat klanten met zonnepanelen tientallen euro's per maand extra in rekening brengen. Ruim 70.000 klanten gaan meer meebetalen aan de kosten voor het terugleveren van stroom aan het netwerk.  ( 4 min )

Commerciële schepen die door het Panamakanaal varen, krijgen te maken met lange wachtrijen en vertragingen als gevolg van een langdurige droogte die het Midden-Amerikaanse land teistert.  ( 3 min )

In real-life situations, simple interest works in your favor when you're a borrower but against you when you're an investor.  ( 20 min )

There are specific factors that affect a country's overall balance of trade and how it is used as an economic indicator.  ( 26 min )

A seed stock is any stock which represents a company that develops and produces seeds for planting crops.  ( 19 min )

A loss adjustment expense (LAE) is an expense associated with investigating an insurance claim. Learn how LAE helps measure a company’s profitability.  ( 22 min )

Sovereign debt can play an important role in providing international diversification to individual investors.  ( 21 min )

Boat owners' insurance is an insurance policy that provides coverage for individuals who own and operate a boat or personal watercraft.  ( 19 min )

Almost all banks, both traditional and online-only, allow you to open checking accounts online. Here's how to do it, including how to navigate problems.  ( 24 min )

Sovereign defaults, in which a nation can't pay its debts and is technically bankrupt, are actually more common than you think. Learn more about their impact.  ( 24 min )

Moody's provides economic analysis software and rates securities based on assessed risk and the borrower's ability to make interest payments.  ( 23 min )

Could cryptocurrency technology help to untangle the beleaguered industry?  ( 20 min )

Affordable market value (AMV) is the price charged for an apartment building sold through the FDIC’s Affordable Housing Program.  ( 23 min )

(Bloomberg) -- As Federal Reserve officials close in on the end of their tightening campaign, the debate is shifting from how high interest rates need to go to how long they should stay elevated.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indicted Over Attempts to Overturn Georgia’s 2020 Presidential VoteOut of Options and Money, Argentina Presses the Panic ButtonChina C  ( 32 min )

(Bloomberg) -- European equities were little changed amid a summer slowdown and after China’s central bank unexpectedly reduced a key interest rate.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indicted Over Attempts to Overturn Georgia's 2020 Presidential VoteOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets  ( 32 min )

(Bloomberg) -- The yuan slid to the weakest level since November and China’s sovereign bonds rallied after the central bank unexpectedly cut a key interest rate in an effort to boost its ailing economy.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapTrump Indicted  ( 33 min )

MOSCOW (Reuters) -Russia's central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate move to try and halt the rouble's weakening past 100 to the dollar after a public call from the Kremlin for tighter monetary policy. The extraordinary rate meeting came after the rouble plummeted past the 100 threshold against the dollar on Monday, dragged down by the impact of Western sanctions on Russia's balance of trade and as military spending soars. President Vladimir Putin's economic adviser Maxim Oreshkin on Monday rebuked the central bank blaming what he called its soft monetary policy on the weakening rouble.  ( 30 min )

Buffett's company added a trio of home-construction companies to its stock portfolio last quarter, while it cut or exited several other positions.  ( 32 min )

Barron's looked at stocks in the Russell 3000 that have done little for the past five years and identified 10 stocks where improving analyst sentiment could signal better days ahead.  ( 27 min )

(Bloomberg) -- China’s central bank unexpectedly reduced a key interest rate by the most since 2020 to bolster an economy that’s facing fresh risks from a worsening property slump and weak consumer spending.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Election With Primary WinChina Finance Giant’s Missed Paymen  ( 32 min )

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(Bloomberg) -- Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billion) under management. Now it risks becoming the latest Chinese financial giant to fail.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesTech Giants, Yields Tick Up in Choppy Session: Markets WrapOut of Options and Money, Argentina Presses the Panic ButtonOutsider Milei Upends Argentina’s Election With P  ( 33 min )

(Bloomberg) -- Hawaiian Electric Industries Co., which supplies roughly 95% of the state’s residents with power, traces its roots back to 1891, just a decade after King Kalakaua met Thomas Edison to see the incandescent light bulb. Now, the utility is facing what’s shaping up to be the biggest-ever test over its future. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Elect  ( 33 min )

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The S&P 500 rose 0.6% on Monday, Aug. 14, 2023, while the Dow and Nasdaq gained as well, as semiconductor stocks boosted the indexes.  ( 1 min )

Legendary value investor and innovator Rob Arnott of Research Affiliates joins The Express to explain what value investing really means today, and why the time is right for this style of portfolio allocation.  ( 19 min )

Online shoplifting is a type of theft involving dishonest chargebacks and piracy targeting online or ecommerce merchants.  ( 18 min )

The front fee is the option premium paid by an investor upon the initial purchase of a compound option. A compound option is an option on an option.  ( 18 min )

Today's best CD rates are 5.90% from Pelican State Credit Union for two years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.  ( 20 min )

Advisors can help clients experiencing grief by following these five tips.  ( 24 min )

Estimated long-term return is a hypothetical measure that forecasts an investor's expected return over the life of an investment.  ( 18 min )

Swiss banking giant UBS agreed Monday to pay roughly $1.4 billion to settle a lawsuit regarding its handling of residential mortgage-backed securities (MBS) in the years leading up to the 2008 financial crisis.  ( 18 min )

The S&P 500 rose 0.6% on Monday, Aug. 14, 2023, while the Dow and Nasdaq gained as well, as semiconductor stocks boosted the indexes.  ( 16 min )

Eli Lilly shares hit an all-time high as the drugmaker closed two acquisitions, including one related to the hot market for weight-loss treatments.  ( 17 min )

Digital art and cryptocurrency enthusiasts may appreciate an NFT gift for the holidays.  ( 26 min )

U.S. banks could be increasingly exposed to a deteriorating corporate credit market, which has been plagued by rising interest rates, persistently high inflation, and an uncertain economic outlook.  ( 18 min )

Shares of Hawaiian Electric Industries plunged to their lowest level in more than 13 years on concerns the power company could face liability claims related to the wildfires in Maui.  ( 17 min )

Former Apple executive, Peter Stern, will craft new customer experiences at Ford, as the company expands it's electric fleet and self-driving technology.  ( 17 min )

Client attrition after the fallout of the merger between Charles Schwab and TD Ameritrade is still in-line or slightly better than the company's predictions for the year, but Charles Schwab stock continues to disappoint on the charts despite earnings beats.  ( 17 min )

Life insurance agents receive a commission, which gives them an incentive to sell bigger policies and specialized financial products. Here's how to factor that in before you buy.  ( 22 min )

A robo-advisor is a type of automated financial advisor that provides algorithm-driven wealth management services with little to no human intervention. Here’s how it works.  ( 31 min )

A C corporation is a company whose owners or shareholders are taxed separately from the corporation itself, and whose profits are taxed on both a business and a personal level.  ( 25 min )

Check U.S. Bank’s current savings account interest rates, and see how they compare to the top accounts in the market today.  ( 20 min )

USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.  ( 20 min )

It's no longer a free ride, but there are still tax benefits to doing so.  ( 19 min )

Swell is Ripple's annual conference for leaders in the cryptocurrency space.  ( 22 min )

AMC won court approval for converting its APE shares to common stock to end shareholder litigation and paves the way for the company to raise much-needed capital.  ( 17 min )

Completed operations insurance is a term for insurance that covers a contractor's liability once contracted operations cease.  ( 17 min )

U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.  ( 17 min )

Consumers are the most optimistic about inflation that they've been since April 2021—which could be a good sign for the economy.  ( 17 min )

The term "as their interests may appear" (ATIMA) is a standard line in a business insurance plan that covers other parties doing business with the insured.  ( 20 min )

Getting a personal loan may seem daunting, but as with so much else, the internet makes it easy. Learn how to get a personal loan online.  ( 23 min )

The times-revenue method determines the maximum value of a company as a multiple of its actual revenue for a set period.  ( 23 min )

U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.  ( 17 min )

Rates for all mortgages not only climbed Friday, but by double digits for most loan types. The 30-year and 15-year averages each jumped up about a quarter point.  ( 20 min )

Shares of Nikola sank after the electric vehicle maker voluntarily recalled 209 of its Class 8 Tre semi-trucks because of potential battery fires.  ( 16 min )

If the system is rigged, as Warren sees it, it must be broken and remade. Here's how she plans to.  ( 27 min )

U.S. Steel's shares surged on Monday after it rejected an unsolicited offer worth $7.25 billion Cleveland-Cliffs, and said it was reviewing strategic options.  ( 17 min )

PayPal shares rose in early trading on Monday after it tapped Intuit's Alex Chriss as its new CEO.  ( 17 min )

Stocks of well-known companies trade on major exchanges but must be listed first. Unlisted companies trade on Pink Sheets or the Over-the-Counter Bulletin Board.  ( 23 min )

It's been a job-seekers' market nationwide as the economy has recovered the pandemic, but the number of jobs openings is outstripping the available workers in some states more than others.  ( 19 min )

Pink market stocks can increase portfolio returns by large magnitudes in a short time but come with significant risks associated with OTC markets.  ( 23 min )

Using more than one financial advisor for money management has its pros and cons.  ( 20 min )

Beneficiaries of a trust typically pay taxes on distributions from the trust's income but not on the distributions of the principal.  ( 23 min )

Find out the tax implications of three types of bonds—government bonds, municipal bonds, and corporate bonds—and what you can do as an investor.  ( 25 min )

Before you decide to retire, consider the pros and cons of quitting work at different ages to make sure you have the financial resources you'll need.  ( 26 min )

Apple supplier Foxconn, the world's biggest contract electronics maker, beat estimates for second-quarter earnings as demand for artificial intelligence infrastructure soared.  ( 18 min )

Stocks trading on the OTC Pink Open Market include many good companies waiting to be discovered. Find out more about the OTC's three markets.  ( 24 min )

Online banks are considered safe for banking, especially when they have FDIC protection. Learn more about the risks and safety features of online banks.  ( 23 min )

"Pink sheets" is an outdated term used to describe stocks that trade over-the-counter (OTC) in the U.S. rather than on a major stock exchange.  ( 26 min )

Tesla shares slid after cutting prices on some models in China, raising concerns about an EV price war.  ( 18 min )

A lending facility is used by central banks when lending funds to primary dealers that can conduct business with the U.S Federal Reserve.  ( 22 min )

There are many methods used by the government to control inflation; one popular method is contractionary monetary policy.  ( 26 min )

Social media sites and apps have helped people around the world to connect and create virtual communities based on common interests.  ( 23 min )

U.S. Steel shares jump after it rejects a takeover bid from Cleveland-Cliffs and Tesla shares fall after it cut prices on models in China. Here’s what investors need to know today.  ( 19 min )

Care, custody, or control (CCC) is a liability insurance exclusion that removes indemnification for the insured when a property is in their care.  ( 19 min )

Interest rates are commonly determined by a central bank and influenced by the finances of individuals, businesses, and governments. Learn more about how rates are set.  ( 22 min )

Learn about the responsibilities of the International Monetary Fund and its functions regarding the international monetary system's stability.  ( 21 min )

Ground-up loss is the total amount of loss covered by an insurance policy. It is an important number to know when choosing plans.  ( 19 min )

In the case of an accident, Class 1 Insurance covers the policyholder and owner of the vehicle, as well as a relative who lives with the policyholder, a pedestrian, or a bicyclist.  ( 18 min )

Het aantal fotografen in Nederland is de afgelopen vijf jaar flink gegroeid. Vooral het aantal vrouwen in de fotografie nam toe.  ( 4 min )

Luchtvaartmaatschappij Ryanair moet 400 euro betalen aan passagiers die afgelopen najaar vertraging opliepen omdat een steward te veel alcohol had gedronken.  ( 3 min )

Wie met de trein naar bijvoorbeeld Berlijn of Parijs wil, heeft straks meer keus. Volgens een nieuw contact tussen de overheid en het spoorbedrijf rijden er de komende jaren meer treinen op diverse internationale trajecten.  ( 4 min )

Big Bazar sluit twintig winkels die verlies maken en wil voor nog twintig winkels huurverlagingen krijgen. Volgens directeur Heerke Kooistra is dat nodig om de koopjesketen "gezond te houden".  ( 4 min )

Budgetvlieger Ryanair annuleert maandag en dinsdag 88 vluchten van en naar het vliegveld in de Belgische stad Charleroi vanwege een staking van piloten. Dat meldt de Belgische luchthaven, die doorgaans ook door veel Nederlanders wordt bezocht.  ( 3 min )

Hoewel de roebel behoorlijk in de verdrukking zit, werkt Rusland toch aan een digitale variant van de eigen valuta. De digitale roebel wordt vanaf dinsdag voor het eerst in de praktijk getest. De daadwerkelijke invoering moet al in 2025 gebeuren.  ( 4 min )

Het Nederlands Forensisch Instituut (NFI) heeft mede dankzij een Europees samenwerkingsproject honderden cryptotelefoons van zware criminelen kunnen kraken. Misdadigers gebruiken zulke telefoons om niet afgeluisterd te kunnen worden.  ( 3 min )

Onder anderen Nederlanders, Duitsers en Spanjaarden kochten de afgelopen vijf jaar in groten getale een kampeerauto. Daardoor steeg het Europese camperbezit sinds 2017 met zo'n 50 procent, naar bijna 2,8 miljoen exemplaren.  ( 3 min )

Van alle studenten die komend studiejaar recht hebben op een basisbeurs, heeft zo'n 90 procent de beurs inmiddels aangevraagd. Maandag staat de teller op 391.288. Begin juli waren ruim 200.000 aanvragen ingediend.  ( 3 min )

Investeringsbedrijf Exor heeft zich voor 15 procent ingekocht bij Philips. De investeerder is in handen van de Italiaanse familie Agnelli, die ook achter onder meer het automerk Fiat en voetbalclub Juventus zit.  ( 3 min )

De energiecrisis is nog niet voorbij, waarschuwde een bestuurder van Essent-moederbedrijf E.ON eerder deze week. De energieprijzen zouden bij een koude winter opnieuw kunnen oplopen. Wat kunnen we verwachten?  ( 4 min )

De energiecrisis is nog niet voorbij, waarschuwde een bestuurder van Essent-moederbedrijf E.ON eerder deze week. De energieprijzen zouden bij een koude winter opnieuw kunnen oplopen. Wat kunnen we verwachten?  ( 4 min )

The end of earnings season always offers an opportunity to figure out what lies in store for the following months. With the Q2 results for companies in the energy sector now available, it’s time to look toward the key investment themes ahead in the space. That’s exactly what Goldman Sachs analysts have been doing. While the energy team remains “constructive” on Energy Service companies as a whole, moving forward, they see the “importance of idiosyncratic self-help drivers” as a key theme that wi  ( 35 min )

2023 has been a strong year in US markets thus far with the S&P 500 (INDEX: .INX) up 17%. This has been led by tech giants like Apple Inc (NASDAQ: APPL), up 43.06% YTD, and Meta Platforms Inc, (NASDAQ: FB) up over 143% since the start of the year. But few stocks have done as well as NVIDIA Corp (NASDAQ: NVDA), up a whopping 202.4% YTD. NVIDIA’s success, and that of much of tech, has come from its involvement in artificial intelligence. The company produces “superchips” that underlie the technolo  ( 32 min )

Warren Buffett made few changes to his stock holdings in the second quarter, but new bets on US homebuilders suggest some optimism from the Oracle of Omaha about the US housing market.  ( 33 min )

Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.  ( 21 min )

Berkshire Hathaway also added to its investment in Capital One Financial and eliminated a position in McKesson.  ( 26 min )

U.S. Steel previously rejected a cash-and-stock offer from rival Cleveland-Cliffs; Esmark says it will pay $35 a share in cash.  ( 28 min )

Warren Buffett’s Berkshire Hathaway bought roughly $4.6 billion of stocks in the second quarter. Here are some of the changes the company made to its stock portfolio in the three months through June, according to its latest 13F filing released after the bell Monday. New Positions: **D.R. Ho  ( 22 min )

Eli Lilly shares hit an all-time high as the drugmaker closed two acquisitions, including one related to the hot market for weight-loss treatments.  ( 18 min )

Wall Street looked to shake off a rough August so far.  ( 31 min )

Client attrition after the fallout of the merger between Charles Schwab and TD Ameritrade is still in-line or slightly better than the company's predictions for the year, but Charles Schwab stock continues to disappoint on the charts despite earnings beats.  ( 17 min )

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(Bloomberg) -- Esmark Inc. has offered to buy United States Steel Corp. for $35 a share, trumping an earlier bid from Cleveland-Cliffs Inc. US Steel shares spiked on the news, rising as much as 43%.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOutsider Milei Upends Argentina’s Election With Primary WinBig Tech Takes the Lead in Thin Trading Session: Markets WrapChina Finance Giant’s Missed Payments Alarm Regulators, MarketsZuckerberg Says ‘Time to Move On’ From  ( 31 min )

Stocks look overpriced relative to corporate profits and risk-free assets like government bonds, and higher interest rates will bite, Gross said.  ( 31 min )

Former Disney CEO Michael Eisner has struck a deal to sell Bazooka Candy Brands to global buyout firm Apax Partners in a deal that values the iconic gum maker at around $700 million including debt.  ( 27 min )

What does the currency’s collapse mean for Vladimir Putin’s ability to wage war?  ( 32 min )

The $40 billion exchange offer for shares of Kenvue expires Friday but brokerage firms want retail investors to make their instructions before then  ( 26 min )

Famed investor Michael Burry exited stakes in several banks he opened during the first quarter amid a banking crisis that saw several US lenders go under in a matter of weeks.  ( 34 min )

Michael Burry, the money manager made famous in the book and film "The Big Short," held bearish options against the broad S&P 500 and Nasdaq 100 Index at the end of the second quarter, according to securities fillings released on Monday. Burry's Scion Asset Management bought put options with a notional value of $739 million against the popular Invesco QQQ Trust ETF during the quarter, and separate put options with a notional value of $886 million against the SPDR S&P 500 ETF. Michael Lewis' nonfiction book "The Big Short" was released in 2010 and the movie version came out in 2015.  ( 31 min )

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(Bloomberg) -- Investors are bailing out of the biggest exchange-traded fund devoted to Treasuries at the fastest pace since markets were hammered during the early months of the pandemic.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOutsider Milei Upends Argentina’s Election With Primary WinBig Tech Back in the Driver’s Seat as Stocks Climb: Markets WrapChina Finance Giant’s Missed Payments Alarm Regulators, MarketsZuckerberg Says ‘Time to Move On’ From Musk Cag  ( 31 min )

The Russian ruble fell to its lowest level in 16 months on Monday morning as the currency continues to take a beating from its invasion of Ukraine.  ( 32 min )

(Bloomberg) -- Argentina devalued the official peso about 18%, an admission by the government that it ran out of options to defend an unsustainable exchange rate amid dwindling reserves after a heavy electoral defeat on Sunday.Most Read from BloombergRuble Plunges Past 100 Per Dollar as Infighting Goes PublicOutsider Milei Upends Argentina’s Election With Primary WinZuckerberg Says ‘Time to Move On’ From Musk Cage FightUS Steel Soars After It Rejects $7.25 Billion Cliffs BidAmerica’s Fastest Gro  ( 31 min )

AMC Entertainment CEO Adam Aron said a court decision to allow the company’s reverse 1-for-10 stock split was an "absolute imperative" in the wake of the COVID-19 pandemic.  ( 31 min )

President Joe Biden is asking major U.S. automakers and their workers' union to reach an agreement that takes “every possible step to avoid painful plant closings” as the sector transitions to electric vehicles. The president has not yet been by the United Auto Workers as he seeks reelection, despite his broad support from organized labor going into the 2024 campaign. The UAW represents 146,000 workers at Ford, General Motors and Stellantis, which are commonly known as the big three automakers.  ( 32 min )

Stocks of smaller banks were feeling some pain on Monday. KeyCorp (ticker: KEY), an Ohio regional bank, was down 4%, making it the S&P 500's biggest loser. Truist Financial Corporation (TFC) and Fifth Third Bancorp (FITB) weren't far behind KeyCorp, losing 3.2% and 3.1%, respectively. Comerica In  ( 12 min )

A “modest number” of advisors who custodied client money at TD Ameritrade moved their business elsewhere, according to Schwab.  ( 26 min )

The United Steelworkers (USW) international president said on Monday that the union supports North American steel producer Cleveland-Cliffs' bid to acquire rival, United States Steel Corp, adding that the company is the best strategic buyer. Cleveland-Cliffs said on Sunday that it offered to buy U.S. Steel in a cash-and-stock deal valued at $35 per share, which represented a premium of 43% to U.S. Steel's last closing price. Cliffs went public with its offer after U.S. Steel rejected the bid as being "unreasonable" and instead announced a formal review process, saying the company received multiple bids for parts or all of its business.  ( 31 min )

(Bloomberg) -- PayPal Holdings Inc. named Alex Chriss chief executive officer, tapping a longtime fintech executive with a focus on small businesses to lead the beleaguered payments giant.Most Read from BloombergRuble Plunges Past 100 Per Dollar as Infighting Goes PublicOutsider Milei Upends Argentina’s Election With Primary WinZuckerberg Says ‘Time to Move On’ From Musk Cage FightUS Steel Soars After It Rejects $7.25 Billion Cliffs BidAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ Ma  ( 33 min )

The U.S. stock market showed impressive gains in 2023, and the latest gross domestic product (GDP) figure exceeded expectations. But according to "Rich Dad Poor Dad" author Robert Kiyosaki, the picture might not be as rosy as it appears. "Don't they know the stock market is up because Biden raised debt ceiling. America's debt is going up ... so stock market going up," he wrote in a recent tweet. "America is broke." The author's concern about America's escalating debt was echoed by Fitch Ratings.  ( 32 min )

Investors sold off AMC stock on Monday as fears intensified that a conversion with APE shares will dilute the stock's value.  ( 32 min )

The S&P500 climbed higher Monday from big gains in a handful of high-flying tech names. In midday trading, the index moved up 0.4% to 4,480.93. Nvidia (ticker: NVDA) and Micron Technology (MU) took the lead, up 5% and 4.6%, respectively. Both stocks closed mostly in the red all of last week. Teled  ( 11 min )

Wells Fargo maintains an Underweight rating on Hawaiian Electric stock, and lowers the price target to $25 from $35.  ( 26 min )

Intuit executive Alex Chriss will become the president and CEO of digital payments company PayPal next month. Chriss will take over the CEO post from Dan Schulman, who told PayPal's board in February that he planned to retire at the end of the year. Schulman will stay on PayPal's board until its next annual shareholders meeting in May 2024.  ( 31 min )

Nvidia is Morgan Stanley's top stock pick going into earnings, with a price target on the shares that implies another big rally for the chipmaker.  ( 26 min )

Two suburban Philadelphia pharmaceutical companies are set to tie-up in a deal valued at up to $200 million.  ( 11 min )

IBM CEO Arvind Krishna announced a hiring pause in May, but that’s not all. Later that month, the CEO also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted that back-office functions, specifically in the human resources (HR) sector, will be the first to face these changes. In recent weeks, the company has opened up dozens of positions for AI-based roles to help develop and maintain these systems. See more on startup investing from Benzinga: Until 2016 it was illegal f  ( 32 min )

Before you decide to retire, consider the pros and cons of quitting work at different ages to make sure you have the financial resources you'll need.  ( 26 min )

(Bloomberg) -- The ruble crashed through the level of 100 to the dollar for the first time since March last year, as political infighting spilled into public view at a time when Russia’s war in Ukraine drags on and international sanctions throttle the economy. Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightAmerica’s Fastest Growing City Is Embracing ‘Ye  ( 33 min )

The history books show that the 9 months beginning October of a midterm election year prove to be the most consistently profitable spell in the stock market. Given the stock market gains recorded in the 9 months since last October, that trend played out again as expected. It’s a period billionaire Ken Fisher has termed the ‘midterm miracle.’ The nice thing about that timeframe, says Fisher, is that it is usually followed by another strong period, albeit not quite as fruitful. Fisher has a term f  ( 34 min )

Wells Fargo maintains an Underweight rating on Hawaiian Electric stock, and lowers the price target to $25 from $35.  ( 26 min )

For insight into where the Fed is headed with interest rates, this week and next should give plenty of clues---from central bank officials themselves. Minneapolis Fed President Neel Kashkari will speak at the APi Group Controllers Conference on Tuesday and the Jackson Hole Economic Symposium is the  ( 12 min )

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Alex Chriss will succeed Dan Schulman as chief executive effective Sept. 27, the company said.  ( 27 min )

AMC Entertainment's shares slid 35% on Monday on fears that the approval of a revised stockholder settlement will allow the company to issue more shares to raise capital, a move that will dilute the worth of each common share. The common shares dropped to $3.45, levels just before the meme stock mania of January 2021 when retail traders hyped up the stock on online forums like Reddit. The preferred stock units called "APE", which trade at a significant discount to common shares, jumped 15% to $2.05.  ( 32 min )

The common shares of the theatre chain operator fell 38% to $3.25 in premarket trading, while its preferred shares rose 18% to $2.09. AMC aims to increase its Class A common stock to 550 million from about 524 million, it said in a regulatory filing. The company would make a settlement payment of one Class A common stock for every 7.5 Class A shares to the entitled shareholders after the reverse stock split.  ( 31 min )

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Chesapeake Energy is finally exiting the Eagle Ford Shale in South Texas thanks to a $700 million deal with a Houston-based company.  ( 11 min )

My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets. If one or both of us have to go into … Continue reading → The post Ask an Advisor: Can a Nursing Home ‘Take Our IRA?' My Wife and I Are Elderly. We Have a $100K IRA and a Trust to Protect Our Assets. appeared first on SmartAsset Blog.  ( 34 min )

Paying for a nursing home can seriously deplete your retirement savings. The government-funded Medicaid program can pay some or all nursing home costs, but it's restricted to people of very limited financial means. You may be able to qualify for … Continue reading → The post Does an Irrevocable Trust Protect Assets from Nursing Homes? appeared first on SmartAsset Blog.  ( 33 min )

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The company announced a voluntary recall of more than 200 of its battery-electric heavy-duty trucks due to the possibility of battery fires.  ( 26 min )

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One of this year's hottest trades is losing some steam. Nvidia shares edged lower ahead of the opening bell and are down around 15% from the highs touched in July. The stakes are high ahead of the chip maker's  ( 21 min )

(Bloomberg) -- Charles Schwab Corp. said it’s experiencing temporarily lower net flows of client money as the brokerage sees attrition of some retail and advisory clients’ assets while it integrates TD Ameritrade into its business.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaUS Steel Share  ( 31 min )

Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services. In recent months, consumers have been spending more on services such as travel and entertainment, while cutting down on non-essential purchases including clothing and home goods amid high inflation. "Target is going to suffer more versus the others because they have a much larger consumer discretionary element to their business," Edward Jones analyst Brian Yarbrough said.  ( 32 min )

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AMC Entertainment's shares slid 35% in premarket trading on Monday on fears that the approval of a revised stockholder settlement will allow to company to issue more shares to raise capital, a move that will dilute the worth of each common share. The common shares dropped to $3.45 in trading before the bell. The preferred stock units called "APE", which trade at a significant discount to common shares, jumped 27.5% to $2.27.  ( 32 min )

The company announced a voluntary recall of more than 200 of its battery-electric heavy-duty trucks due to the possibility of battery fires.  ( 26 min )

The billionaire Lloyd Blankfein even reportedly offered to come back to the company.  ( 32 min )

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The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and weaken demand for the national currency. President Vladimir Putin’s economic adviser, Maksim Oreshkin, on Monday blamed the weak ruble on “loose monetary policy” in an op-ed for state news agency Tass. Oreshkin said Russia’s central bank has “all the tools necessary” to stabilize the situation and said he expected normalization shortly.  ( 31 min )

U.S. Steel shares jump after it rejects a takeover bid from Cleveland-Cliffs and Tesla shares fall after it cut prices on models in China. Here’s what investors need to know today.  ( 18 min )

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Nikola Corp. shares fell in early trading after the manufacturer announced it will recall trucks and temporarily stop sales after several battery fires.  ( 31 min )

(Bloomberg) -- It’s a decisive week for investors looking to get involved in Johnson & Johnson’s record split-off of most of its $40 billion stake in Kenvue Inc., the maker of Tylenol and Listerine.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaUS Steel Shares Soar After It Rejects $7.25 Bil  ( 33 min )

Cleveland-Cliffs, the largest flat-rolled steel producer in North America, said on Sunday it offered to buy U.S. Steel in a cash-and-stock deal valued at $35 per share, which represented a premium of 43% premium to U.S. Steel's last closing price. Despite the surge, shares of U.S. Steel were trading well below the offer price at $27.92, indicating some investors believe a deal may not happen at that price.  ( 31 min )

The Charlotte banking veteran, who retired this year, is widely credited for leading Wells Fargo's transformation after its fake-accounts scandal. Here, she talks to CBJ about that process, her 38-year career and retirement plans.  ( 17 min )

Bank of China Ltd, China's fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in response to Beijing's "common prosperity" drive, three sources with knowledge of the matter said. President Xi Jinping launched the common prosperity drive in 2021 as an effort to reduce income inequality, which could threaten long-term economic growth and even the legitimacy of Communist Party rule. The move follows pay cuts being made at investment banks such as China International Capital Corp (CICC).  ( 32 min )

↗️ U.S. Steel (X), Cleveland-Cliffs (CLF): The Pittsburgh steel manufacturer's share price leapt 29% premarket, after it [rejected an unsolicited offer](https://www.wsj.com/articles/u-s-steel-reject  ( 22 min )

The company has agreed to offload about 42,000 net acres and about 540 wells of its Eagle Ford asset located in Dimmit and Webb counties, along with related property, plant and equipment. In February, the gas producer agreed to sell a portion of its Eagle Ford asset to INEOS Energy for $1.4 billion.  ( 31 min )

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U.S. Steel rejects Cleveland-Cliffs bid and explores options, retailers reporting earnings, and other news to start your day.  ( 26 min )

It's all about stock dilution. A court ruling paves the way for APE units to be converted into common AMC stock, diluting the float.  ( 27 min )

Toyota Tundra and Tundra Hybrid vehicles, and Chrysler Jeep Wagoneer and Grand Wagoneer cars among 270,000 vehicles recently recalled.  ( 34 min )

Hollywood's favorite parlor game of the week: What will Bob Iger do next? From Culver City to New York City, the U.S. media and entertainment industry's powerbrokers are spinning scenarios about the future and the possible breakup of the industry's most powerful conglomerate. Walt Disney chief executive Iger, who returned to the company in November for a second stint, triggered the vigorous industry chatter in mid-July when he suggested during a CNBC interview that the company's television businesses, including its stations and cable channels, "may not be core to Disney."  ( 33 min )

The tech trade is having a painful August. You could put all the blame -- or most of it — on one thing.  ( 32 min )

(Bloomberg) -- About three years after Texas oil producer Denbury Inc. emerged from bankruptcy, four top executives are set to collect the final installment of a $121.5 million post-reorganization pay deal that rivals some of the industry’s most generous compensation packages.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightGoldman Pencils In Firs  ( 34 min )

After strong gains this year, U.S. equities have lost momentum in August, with the tech-heavy Nasdaq posting two straight weeks of declines for the first time in 2023 on Friday. Hotter-than-expected U.S. producer prices data last week fanned concerns that the Federal Reserve could keep interest rates higher for longer, driving up U.S. Treasury yields and weighing on rate-sensitive big technology and growth stocks. On Monday, as the yield on 10-year government treasuries ticked lower, shares of Microsoft, Nvidia and Meta Platforms rose between 0.2% and 0.5% in premarket trading.  ( 32 min )

The industry’s wartime windfall is dwindling.  ( 21 min )

The European medical-technology supplier is starting to emerge from a torrid period marked by the recall of machines for treating sleep apnea.  ( 26 min )

Bitcoin is seeing a period of historically low volatility. The absence of movement despite catalysts is beginning to look troubling to analysts.  ( 26 min )

Foxconn’s results mirror those of Apple’s most recent numbers, which showed a drop in iPhone and iPad sales.  ( 26 min )

The company, which was built by Andrew Carnegie and J.P. Morgan, might not be independent for much longer.  ( 32 min )

U.S. Steel rejects an unsolicited buyout offer from rival Cleveland-Cliffs, Tesla again cuts prices in China, and AMC stock tumbles after a court approves the movie-theater chain's revised stock-conversion plan.  ( 27 min )

(Bloomberg) -- Hon Hai Precision Industry Co. now expects 2023 sales to fall after previously forecasting flat revenue, sounding a warning about demand for the devices it makes for Apple Inc. and other global firms.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a  ( 32 min )

(Bloomberg) -- Trading in European stocks was muted on Monday as investors weighed signs of trouble in the Chinese property market before turning their attention to Federal Reserve policy minutes later in the week.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a W  ( 31 min )

(Bloomberg) -- The Agnelli family’s Exor NV bought a minority stake in Dutch medical technology company Koninklijke Philips NV.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaOutsider Milei Upends Argentina’s Election With Primary WinGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a Waiting Game to Try to Avoid a RecessionExor, a holding company, bought a 15% stake in P  ( 31 min )

(Bloomberg) -- China’s State Council released a plan to further attract foreign investment and improve the business environment, including tax and visa measures, as it seeks to bolster the flagging economy. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidChina aims  ( 31 min )

The rouble fell past 100 per U.S. dollar on Monday just as President Vladimir Putin's economic advisor said Russia was interested in a strong rouble and said that loose monetary policy was the main reason behind the Russian currency's weakening. The rouble fell to 100.35 roubles against the U.S. dollar in early trade. "The current exchange rate has deviated significantly from fundamental levels, and its normalization is expected in the near future," Putin's economic advisor Maxim Oreshkin told TASS news agency.  ( 30 min )

(Bloomberg) -- Country Garden Real Estate Group Co Ltd. said it will suspend trading in nearly a dozen onshore bonds starting Monday, two days after the Chinese real estate company’s controlling shareholder said it would report a multi-billion-dollar loss for the first half of this year.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsoli  ( 32 min )

Asian stock markets tumbled Monday after stronger U.S. inflation revived worries the Federal Reserve might hike interest rates again. Hong Kong's main market index plunged 2.4%. Wall Street's benchmark S&P 500 index slipped 0.1% on Friday after government data showed producer price inflation accelerated in July.  ( 34 min )

Plus, Treasuries as the unsafe asset  ( 5 min )

Caterpillar and DuPont are among the big companies that are lowering their expectations for a postpandemic boom.  ( 27 min )

It's been a nervy start to the week in Asia as concerns about China's debt-laden property sector take a toll on stocks and the yuan, which hit its lowest in a month despite a strong fix from the PBOC. Chinese blue chips lost 1.1%, on top of a 3.4% decline last week. One month of negative consumer prices is not really deflation, which is defined as a sustained fall in the price level across an economy.  ( 31 min )

BUENOS AIRES/LONDON (Reuters) -Argentina's government devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points to 118%, the central bank said, as financial markets reeled the day after a shock primary election result. Congressman Javier Milei, a far-right libertarian who wants to axe the central bank and dollarize the economy, shook up the presidential elections on Sunday, winning 30% of the vote, the largest share with over 97% of ballots counted. "We think Argentine USD sovereign bonds present an attractive risk-reward profile, given their depressed valuations, positive correlation to commodity prices, and the potential political regime change," said Alejo Czerwonko, CIO for Emerging Markets Americas at UBS Global Wealth Management.  ( 32 min )

The market cap of TrueUSD has more than doubled since March, but some investors are concerned about its opaque ownership structure.  ( 27 min )

(Bloomberg) -- Tesla Inc. rolled out a new round of price cuts in China, sending auto stocks tumbling on concerns the move will respark a bruising price war that had showed signs of abating. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Outsider Milei Upends Argentina’s Election With Primary WinUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidThe Fed Is Playing a Waiting Game to Tr  ( 32 min )

(Bloomberg) -- Tesla Inc. has cut the price of its two higher-end Model Y vehicles in China by 14,000 yuan ($1,900) in the latest salvo in a bruising price war. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowThe electric vehicle maker cut the price of its Model  ( 31 min )

Asian stock markets tumbled Monday after mixed U.S. economic data revived worries the Federal Reserve might hike interest rates again. Hong Kong's main market index plunged 2.3% and Shanghai, Tokyo and Sydney also fell. Wall Street's benchmark S&P 500 index slipped 0.1% on Friday after government data showed producer price inflation accelerated in July.  ( 34 min )

(Bloomberg) -- One of China’s largest private wealth managers is triggering fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield products.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidThe Fed Is Play  ( 33 min )

(Bloomberg) -- Hedge funds turned the most bullish on the Australian dollar than they’ve been at any point this year, just before concerns over a slowing Chinese economy pummeled the currency.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidLeveraged funds’ Aussie po  ( 31 min )

(Bloomberg) -- Recent excitement around all things superconductor has sent shares of companies deemed related to the technology on a rollercoaster ride. If history is any guide, this is a stock wager fraught with danger.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs B  ( 32 min )

(Bloomberg) -- China’s benchmark stock index is set to erase all of the gains it made since a key political meeting was held in late July as the economy struggles to gain momentum and optimism over stimulus wanes. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowT  ( 30 min )

U.S. bank Citigroup has completed the sale and migration of its Taiwan consumer businesses to Singapore's DBS Group, it said on Monday. The now transferred retail business includes retail banking, credit card, mortgage and unsecured lending businesses, as well as the transfer of close to 3,000 employees. Citi's institutional business in Taiwan was excluded from the sale.  ( 31 min )

Apple supplier still relies on Chinese plants for 75% of global operations  ( 5 min )

The yen was volatile on Monday after slipping to its lowest for the year against the dollar, breaching the key 145 level as traders warily looked for clues on possible intervention, while the dollar rose to touch a more than one month high. Japan's low yields have made the currency an easy target for short-sellers and funding trades, with the widening gap in the interest rates between Japan and the United States leading to persistent weakness in the yen. The yen has fallen around 20% since the Federal Reserve began rapidly raising rates to combat soaring inflation in March 2022, while the Bank of Japan remains stuck in an extremely accommodating stance.  ( 32 min )

HONG KONG (Reuters) -Shares of China's Country Garden plunged more than 12% on Monday morning after the real estate company suspended trading in 11 of its onshore bonds from Monday. Markets are jittery as more developers default on bond payments amid no signs of stronger support measures from Beijing. Country Garden last week missed payments of two dollar bond coupons due on Aug. 6 totalling $22.5 million, confirming market fears that the developer was slipping into repayment troubles.  ( 31 min )

Bitcoin dipped slightly, having hovered around the $29,380 level throughout the weekend. Ether and most other top 10 crypto were little changed.  ( 33 min )

United States Steel Corp. said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited offers. Pittsburgh-based U.S. Steel said it rejected the offer because Cleveland-Cliffs was pushing it to accept the terms without being allowed to conduct proper due diligence.  ( 32 min )

Here's why Cleveland-Cliffs wanted to buy US Steel.  ( 15 min )

Oil prices eased on Monday after seven straight weeks of gains supported by tightening supply on OPEC+ output cuts, as concerns about China's faltering economic recovery and a stronger dollar weighed. Brent crude futures fell 29 cents, or 0.3%, to $86.52 a barrel by 0033 GMT while U.S. West Texas Intermediate crude was at $82.95 a barrel, down 24 cents, or 0.3%. Prices slipped as the U.S. dollar index extended gains on Monday after a slightly bigger increase in U.S. producer prices in July lifted Treasury yields despite expectations that the Federal Reserve is at the end of hiking interest rates.  ( 31 min )

(Bloomberg) -- Asian equities were set to fall on Monday after shares on Wall Street capped off a poor week on a down note and as China’s worsening property slump damps market sentiment.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowFutures for stocks in Austral  ( 33 min )

Asian shares struggled on Monday ahead of China data that is likely to amplify the case for serious stimulus even as Beijing seems deaf to the calls, while rising Treasury yields pressured sky-high valuations on tech stocks and underpinned the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan eased another 0.2%, after shedding 2% last week. Japan's Nikkei was off 0.1%, though exporters have drawn support from the weak yen.  ( 32 min )

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(Bloomberg) -- Foreign investors are losing interest in China, and hedge funds that target the world’s second-biggest economy are paying the price.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowThe number of active China-focused hedge funds has slipped for the f  ( 33 min )

Eli Lilly shares hit an all-time high as the drugmaker closed two acquisitions, including one related to the hot market for weight-loss treatments.  ( 1 min )

Shares of Hawaiian Electric Industries plunged to their lowest level in more than 13 years on concerns the power company could face liability claims related to the wildfires in Maui.  ( 1 min )

Swiss banking giant UBS agreed Monday to pay roughly $1.4 billion to settle a lawsuit regarding its handling of residential mortgage-backed securities (MBS) in the years leading up to the 2008 financial crisis.  ( 1 min )

Former Apple executive, Peter Stern, will craft new customer experiences at Ford, as the company expands it's electric fleet and self-driving technology.  ( 1 min )

AMC won court approval for converting its APE shares to common stock to end shareholder litigation and paves the way for the company to raise much-needed capital.  ( 1 min )

U.S. Steel's shares surged on Monday after it rejected an unsolicited offer worth $7.25 billion Cleveland-Cliffs, and said it was reviewing strategic options.  ( 1 min )

PayPal shares rose in early trading on Monday after it tapped Intuit's Alex Chriss as its new CEO.  ( 1 min )

Shares of Nikola sank after the electric vehicle maker voluntarily recalled 209 of its Class 8 Tre semi-trucks because of potential battery fires.  ( 1 min )

Tesla shares slid after cutting prices on some models in China, raising concerns about an EV price war.  ( 1 min )

U.S. banks could be increasingly exposed to a deteriorating corporate credit market, which has been plagued by rising interest rates, persistently high inflation, and an uncertain economic outlook.  ( 1 min )

U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.  ( 1 min )

U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.  ( 1 min )

U.S. Steel shares jump after it rejects a takeover bid from Cleveland-Cliffs and Tesla shares fall after it cut prices on models in China. Here’s what investors need to know today.  ( 1 min )

(Bloomberg) -- Gas is back as a risk to the global economy with potential strikes in major producer Australia threatening to shatter the fragile balance of global supplies -- and send consumer bills rising once more.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish Shado  ( 33 min )

(Bloomberg) -- Oil edged lower after capping seven weeks of gains — the longest rally since mid-2022 — driven by signs of a tightening market.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowWest Texas Intermediate fell below $83 a barrel following the 20% surge i  ( 31 min )

PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the decision was predictable.  ( 33 min )

Cleveland-Cliffs disclosed Sunday afternoon that it had made an offer for United States Steel Corp. that was rejected by the Pittsburgh-based company's board. Cleveland-Cliffs said it was still willing to engage in talks to reach a merger agreement.  ( 11 min )

Move came after company said it had hired financial advisers to evaluate offers  ( 5 min )

Asian markets will get key economic signals this week that could determine monetary policy in the continent's two biggest economies - retail sales and industrial production and house prices from China, and Japanese GDP and inflation. Markets also will watch for interest rate decisions from New Zealand and the Philippines, inflation figures from India and major corporate earnings reports from China, including Tencent, Lenovo CNOOC and JD.com.  ( 32 min )

Plug Power will borrow up to $1.5 billion over the next 18 months as the Latham manufacturer focuses on expanding its network of hydrogen generation plants.  ( 10 min )

Boosted by the AI craze, it’s been a vintage year for tech stocks, but the summer season is proving to be a bit shakier so far. Since mid-July, the trend has been down, with the tech-heavy NASDAQ shedding ~5%. This naturally raises the question: should we be ringing the alarm bells due to this shift? Not at all, says Wedbush’s Daniel Ives, a 5-star analyst rated in the top 2% of the Street’s stock pros. Ives believes that the new bull market is simply taking a breather, and he asserts that the p  ( 34 min )

The steel company built by Andrew Carnegie and J.P. Morgan might not be independent for much longer.  ( 26 min )

(Bloomberg) -- Cleveland-Cliffs Inc. said it made a bid to purchase United States Steel Corp. in a cash and stock deal as it looks to create one of the world’s largest steelmakers.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowUS Steel Explores Strategic Alternatives After Getting Unsolicited BidsDavid Solomon Scrutiny Spreads From Goldman to Alma MaterHackers Trick AI With ‘Bad Math’ to Expose  ( 31 min )

Hedge fund legend Ray Dalio and economist Nouriel Roubini are among commentators who have warned of a full-blown debt crisis headed for the US.  ( 33 min )

All eyes were on San Francisco this week as critics and supporters of deploying self-driving cars on public roads awaited a vote from the California Public Utilities Commission. Tl;dr: it was a win for the autonomous vehicle industry. If you haven't been following, the CPUC approved the last remaining permits to Cruise and Waymo, giving the two companies the green light to offer commercial robotaxi services across San Francisco 24 hours a day, seven days a week.  ( 34 min )

(Bloomberg) -- Goldman Sachs Group Inc. economists anticipate the Federal Reserve will start lowering interest rates by the end of next June, with a gradual, quarterly pace of reductions from that point.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowDavid Solomon Scrutiny Spreads From Goldman to Alma MaterHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesLook to the Options Market for  ( 31 min )

We'll see earnings from Walmart, Ross Stores, Applied Materials, Cardinal Health, and others. Economic data for the week will include Fed minutes, retail sales, and housing figures.  ( 27 min )

United States Steel said on Sunday it is initiating a formal review to evaluate strategic alternatives for the steel producer after receiving multiple unsolicited bids for part or all of its business. The review was begun after the steel producer received "multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole company," CEO David Burritt said in a statement, without disclosing details about the strategic alternatives. Barclays Capital and Goldman Sachs are serving as financial advisors to U.S. Steel, while Milbank LLP and Wachtell, Lipton, Rosen & Katz are acting as legal advisors, the steel producer said.  ( 31 min )

About 53% of millennials and 41% of Gen Z respondents said they were more reliant on credit cards than ever before this summer.  ( 33 min )

(Bloomberg) -- United States Steel Corp. says it is initiating a formal review of strategic alternatives after it received “multiple unsolicited” proposals.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesLook to the Options Market for Signs of Stock Market TroubleThe proposals rang  ( 31 min )

A July retail sales report and corporate results from some of America's largest retailers will provide key insights into the strength of the US consumer during the back to school shopping season.  ( 35 min )

The decision follows the company "receiving multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole company," CEO David Burritt said, without disclosing more details on the strategic alternatives. U.S. Steel, which has been raising prices to offset the impact from higher costs related to raw materials and energy, has seen strong demand for its steel products helping the company beat profit estimates for the second quarter.  ( 31 min )

On Friday, the average 30-year fixed mortgage rate jumped to 7.19%. But where will it go next?  ( 32 min )

(Bloomberg) -- Saudi Arabia has completed an early purchase of more than 35.7 billion riyals ($9.5 billion) of outstanding debt and will issue about 35.9 billion riyals in sukuk as the kingdom plans to bolster its domestic market.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowLook to the Options Market for Signs of Stock Market TroubleHac  ( 30 min )

(Bloomberg) -- Bitcoin ETF candidates got another dose of disappointment when US regulators on Friday punted on making a decision on such a product. But the next time they hear from them might be just a few weeks away. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowHackers Trick  ( 32 min )

Yes, it was a dumb move if you think short term. But long term, it still seems like a good bet.  ( 26 min )

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Everyone likes a bargain and the same is true in the stock market. But while picking up items on sale in a store is a simple task, picking up shares on the cheap is a more complex endeavor. Because a cheap stock often means that it has been through the wringer, and the immediate question that comes to mind is, why have the shares taken a beating? A beaten-down stock could be down for a whole host of reasons, from weak fundamentals to broader macro concerns to unreasonable behavior by investors.  ( 35 min )

Inflation has begun to cool, and that may translate to some assets. The Treasury's Series I Bonds, or " I bonds," are no longer the prized savings tool they were 12 months ago. As cost increases slowed over the past year as Federal Reserve raised interest rates, it was inevitable that this inflation-tied asset would […] The post The Series I Bond Frenzy is Dying Down. Is Now the Time to Cash Out? appeared first on SmartReads by SmartAsset.  ( 32 min )

Building wealth is one thing. Feeling comfortable is another entirely.  ( 32 min )

An irrevocable trust is a legal entity that cannot be altered, amended or revoked after its creation. Irrevocable trusts are typically established to protect assets from creditors, benefit the beneficiaries and minimize estate taxes. But there are circumstances that warrant the termination of an irrevocable trust like when its purpose is fulfilled or its assets […] The post Tax Consequences of Terminating an Irrevocable Trust appeared first on SmartReads by SmartAsset.  ( 33 min )

With the second-quarter earnings season coming to a close, companies have exceeded analysts’ estimates at a greater rate than usual. Yet investors aren’t rewarding positive surprises.  ( 25 min )

The relationship between interest rates and inflation has some significant implications for tech companies' valuations.  ( 33 min )

(Bloomberg) -- The old playbook of selling emerging-market bonds when Treasury yields spike is being upended by the positive dynamics favoring developing-nation debt. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowEmergin  ( 32 min )

Calpers scooped up volatile stocks including game firm Roblox, EV maker Lucid, and PC manufacturer HP in the second quarter. It cut back on Intel.  ( 26 min )

Tapestry, Inc. (TPR) the parent company of brands such as Coach and Kate Spade, has acquired Capri Holdings Limited (CPRI), home to brands Versace, Jimmy Choo, and Michael Kors, in a deal worth about $8.5 billion. Here are some of the lesser known parent brands of the world's biggest luxury brands.  ( 19 min )

Retailers Home Depot, Target and Walmart will headline the companies slated to report quarterly results this week. Mortgage applications data will also be released.  ( 32 min )

Most investors know that stocks follow earnings. That’s a fact.  ( 32 min )

Kroger, Giant Eagle and other grocers expand their prepared meals. Meanwhile, Chipotle, Taco Bell and other restaurants aim to defend their turf.  ( 28 min )

More vacationers are getting it as severe weather and other threats put expensive trips at risk.  ( 26 min )

Billionaire activist investor Carl Icahn is weathering one of his career’s most trying periods, but some on Wall Street say don’t count him out yet.  ( 23 min )

(Bloomberg) -- Freezing winter weather seems a remote concern as Europe swelters, but traders and strategists got a reminder last week of the continent’s fragile energy security and bond-market risks. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesMaui Now Looks a Lot Less Like Parad  ( 33 min )

Berkshire is due to release its quarter 13-F filing Monday the make-up --and any changes -- in its $350 billion equity portfolio in the second quarter.  ( 27 min )

Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: VinFast joins EVs trading in U.S.; Mullen’s reverse stock split; and UAW talks get heated.  ( 33 min )

More than 800,000 homeowners face a double mortgage rate shock as the Bank of England warns interest rates will stay high for years.  ( 31 min )

On a mild September day in 2015, a man walked into Walsall shopping centre in the West Midlands and headed straight for the local NatWest branch.  ( 37 min )

Signs of economic strength are bringing new scrutiny to the inverted yield curve.  ( 21 min )

Country risk premium (CRP) is the additional return or premium demanded by investors to compensate them for the higher risk of investing overseas.  ( 25 min )

The Department of Housing and Urban Development is responsible for the living conditions of millions of Americans.  ( 21 min )

There are a few theories on the origin of the abbreviations used for debit (DR) and credit (CR) in accounting. Here's an overview of the terms.  ( 22 min )

While student loan debt is a burden for all borrowers, gendered wage gaps and other factors cause some to have a harder time than others.  ( 31 min )

Frictional and structural unemployment are two different types of unemployment that occur in an economy. Frictional unemployment occurs when workers search for jobs.  ( 21 min )

Dive into game theory and the Nash equilibrium, and learn why the equilibrium assumptions about information are less important with a dominant strategy.  ( 20 min )

Standard auto insurance is basic auto insurance, generally offered to drivers with clean driving records who fall into an average risk profile.  ( 22 min )

Hashgraph consensus works differently from more well-known blockchain consensus mechanisms. Learn more about it and how it works.  ( 21 min )

Higher education offers upward mobility to students of all races and ethnicities, but student loan debt still widens the racial wealth gap. Learn more.  ( 30 min )

An accelerated death benefit (ADB) allows a life insurance policyholder advances against the death benefit if diagnosed with a terminal illness.  ( 20 min )

Variable life insurance is a permanent life insurance product with separate investment accounts, and often offers flexibility regarding premium remittance and cash value accumulation.  ( 22 min )

Licensed for reinsurance only means a company can provide services specifically related to reinsurance in the state that has granted the license.  ( 19 min )

Learn about the different depreciation and amortization rules pertaining to leasehold improvements for tax basis and GAAP financial statements.  ( 19 min )

Vacant home insurance protects homes that aren’t being lived in. Here’s what vacant home insurance is, how it works, if you need it, and what it covers.  ( 23 min )

Most home renovation projects fail to pay for themselves at resale; savvy homeowners learn how to choose the upgrades that really add value.  ( 25 min )

A PPO is an arrangement with an insurance company in which a network of medical professionals and facilities provide services at reduced rates.  ( 23 min )

A valuation premium is rate set by a life insurance company based on the value of the company's policy reserves.  ( 18 min )

Government assistance programs are in great demand when there is high unemployment or low wages. Learn what’s available, how to qualify, and where to apply.  ( 42 min )

A credit watch is a service provided by credit rating agencies, financial institutions, or private businesses that watch your credit report for changes.  ( 21 min )

A special needs child is one that requires extensive medical, educational, or emotional support.  ( 24 min )

Interest rates in many nations are at record low levels. We look at the five nations with the lowest rates.  ( 20 min )

Most Value at Risk models assume away extremely high levels of volatility. This makes VaR particularly poorly adapted, yet well-suited, for stress testing.  ( 19 min )

See why aggregate demand and gross domestic product (GDP) aren't necessarily the same, according to Keynesian macroeconomic theory.  ( 19 min )

Barstool Sports founder Dave Portnoy bought back his company for $1 from Penn Entertainment, as Penn Entertainment sold 100% of outstanding Barstool shares to Portnoy after signing a deal with ESPN to rebrand their existing sportsbook, without Barstool. Portnoy has a net worth of $100 million.  ( 18 min )

An ETF is a good way to get broad exposure without taking on specific risk, but calculating performance may be a bit tricky.  ( 21 min )

Can you lose money on bonds? Yes, indeed—but if you know the most common cause of bond losses, you can avoid them.  ( 24 min )

Fitch is an international credit rating agency based out of New York City and London that investors often use to make investing decisions about stocks and bonds.  ( 21 min )

Learn about moral hazard, how it can affect outcomes and how it contributed to the conditions that led to the 2008 financial crisis.  ( 18 min )

Customers opt for pricing over brand names but Amazon's scaling back its private label operations even as other retailers such as Walmart and Costco continue to derive value.  ( 18 min )

Tapestry, Inc. (TPR) the parent company of brands such as Coach and Kate Spade, has acquired Capri Holdings Limited (CPRI), home to brands Versace, Jimmy Choo, and Michael Kors, in a deal worth about $8.5 billion. Here are some of the lesser known parent brands of the world's biggest luxury brands.  ( 19 min )

A blanket honesty bond is a fidelity bond that protects employers from losses due to dishonest acts of employees.  ( 19 min )

Business liability insurance protects a company and/or business owner in the event of a formal lawsuit or any third-party claim.  ( 21 min )

A loan against the cash value of your life insurance can provide funds you need for other expenses. Learn about the pros and cons of this strategy.  ( 23 min )

A cut-through clause is a reinsurance provision that lets a party, other than the ceding company and reinsurance company, have rights under the agreement.  ( 19 min )

Second surplus describes a reinsurance treaty that provides coverage above that of a first surplus reinsurance treaty.  ( 18 min )

The sales comparison approach is an appraisal method that compares real estate to other properties with similar characteristics.  ( 24 min )

Being involved in an auto accident, even a minor one, can be a nerve-wracking experience, so it’s important to know what steps to take if it happens.  ( 21 min )

The credit market is where investors buy bonds and other credit-related securities. It is also where governments and corporations raise funds.  ( 22 min )

Je gebruikt misschien (nog) een platte telefoon, maar vouwtelefoons worden elk jaar beter. Dat bewijst Samsung met de Galaxy Z Flip 5, die uitblinkt met een nieuw scharnier en een groter scherm op de voorkant.  ( 7 min )

De Chinese overheid probeert China aantrekkelijker te maken voor buitenlandse investeerders en wil het ondernemingsklimaat verbeteren, staat in een nieuw rapport van de regering.  ( 3 min )

Dagattracties in Nederland hebben het een stuk drukker gekregen nu het weer zonnig is. "Het is zomerdrukte. Eindelijk regent het niet meer en dat merken we wel", zegt een woordvoerder van de Efteling.  ( 3 min )

Particuliere beleggers die geld hebben verloren na de overname van Credit Suisse door bankconcern UBS spannen een rechtszaak aan. Ze proberen de uitkoop aan te vechten bij de rechter, meldt Financial Times zondag.  ( 3 min )

Particuliere beleggers die geld verloren na de overname van Credit Suisse door bankconcern UBS in maart spannen een rechtszaak aan om de uitkoop aan te vechten, meldt Financial Times zondag.  ( 3 min )

Project, een grote Duitse vastgoedontwikkelaar, heeft faillissement aangevraagd. Daardoor komen meerdere miljardenprojecten verspreid over Duitsland stil te liggen.  ( 3 min )

Customers opt for pricing over brand names but Amazon's scaling back its private label operations even as other retailers such as Walmart and Costco continue to derive value.  ( 1 min )

Tapestry, Inc. (TPR) the parent company of brands such as Coach and Kate Spade, has acquired Capri Holdings Limited (CPRI), home to brands Versace, Jimmy Choo, and Michael Kors, in a deal worth about $8.5 billion. Here are some of the lesser known parent brands of the world's biggest luxury brands.  ( 1 min )

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(Bloomberg) -- China’s economy is showing little sign of a rebound, with fresh stress in the property market and deflation threatening the growth outlook.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleMaui Now Looks a Lot Less Like ParadiseHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesOfficial data on Tuesday will likely show mo  ( 35 min )

(Bloomberg) -- Across Wall Street, there’s growing relief that the Federal Reserve — at long last — may be done raising interest rates. But that doesn’t mean turbulence in the bond market will soon become a thing of the past. Most Read from BloombergDavid Solomon Scrutiny Spreads From Goldman to Alma MaterMaui Now Looks a Lot Less Like ParadiseLook to the Options Market for Signs of Stock Market TroubleBankman-Fried in Custody After Bail Is Revoked Over LeaksInvestors anticipate that US Treasuri  ( 33 min )

Nikola is recalling about 209 of its battery-powered commercial trucks after an outside investigation indicated a defective battery part likely caused a fire in one of the trucks.  ( 27 min )

A.I. "is turning out to be the missing piece in a large number of important, almost-completed puzzles," said the Y Combinator cofounder.  ( 31 min )

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Learn the eligibility requirements to get an interest-free loan for home improvement projects from your county's housing agency.  ( 22 min )

Just when you thought inflation is going down, the cost of food, fuel, mortgage rates and credit card debt has gone up, eating away Americans' wallets.  ( 32 min )

Consumer bitcoin provider Azteco recently announced an $84 million seed funding round led by Jack Dorsey as the company introduces Bitcoin gift cards.  ( 32 min )

Lina Khan is a key architect of an aggressive attempt by Washington to rein in tech giants. Amazon may be next.  ( 35 min )

Yieldstreet owns around 700 homes. But it hasn't bought any homes in 2023.  ( 33 min )

NEW DELHI (Reuters) -India's Adani Ports on Saturday said Deloitte's reasoning to quit as auditor of the company was "not convincing or sufficient to warrant such a move" and the global firm had all the necessary information it required to conduct the process. Deloitte had decided to resign from the role amid concerns over certain related party transactions flagged in a report by U.S. short seller Hindenburg in January, but the Indian company did not wish to look into them independently, a source told Reuters on Friday. The auditor's resignation has brought fresh scrutiny of the financial management at Adani Group, led by Indian billionaire Gautam Adani.  ( 32 min )

As natural disasters like the fires in Maui, Hawaii, inflict more damage on homes and properties, people are looking to protect against potential losses. That means brisk business for insurers—and opportunities for investors.  ( 26 min )

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Depending on your goals and plans, $3 million can be enough to cover early retirement at 40. However, certain factors will affect whether $3 million is enough. For example, your retirement needs and life expectancy play a big role. Here's … Continue reading → The post Is $3 Million Enough to Retire at 40? appeared first on SmartAsset Blog.  ( 32 min )

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In the second quarter, the tally of folks taking hardship withdrawals from their 401(k) was up 12% compared to the first three months of the year and leapt 36% year over year.  ( 32 min )

If you have $5 million saved and are thinking of retiring at 45, the good news is you can certainly do so. The bigger question is how you'll need to plan your retirement around that amount and your early retirement … Continue reading → The post Can I Retire at 45 with $5 Million? appeared first on SmartAsset Blog.  ( 33 min )

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The existence of fiduciary duty does not prevent potential conflicts of interest. Could you explain a little more about this idea? What types of conflicts could arise even with a fiduciary? – Marianne Finding a fiduciary is a great start … Continue reading → The post Ask an Advisor: What Conflicts of Interest Can Arise Even With a Fiduciary? appeared first on SmartAsset Blog.  ( 33 min )

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Casino operator Wynn Resorts (WYNN) capitalized on a surge in tourism and retail spending at its resorts in Las Vegas and Macau that boosted the company's second-quarter earnings.  ( 19 min )

Beer, cannabis, and spirits come together as companies look to follow the consumer into the future.  ( 34 min )

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The good news for retirement savers using 401(k) plans and similar workplace retirement accounts is that the improving stock market is raising account balances. The average 401(k) is up by an average of $7,250 – a gain of 9.6% – since the end of 2022, according to a Bank of America report. The report also […] The post Here’s How Much Americans’ 401(k) Balances Have Grown in 2023. Is Yours Keeping Pace? appeared first on SmartReads by SmartAsset.  ( 33 min )

Artificial intelligence will transform advising, and will be used for everything from constructing more efficient portfolios to answering client questions.  ( 26 min )

Ufuk Akcigit and Sina Ates wrote a paper in 2019 that tracked four decades of economic decline in the U.S. The problems haven't gone away.  ( 36 min )

Another bucket of cold water threatens the once-hot trend of amateur day trading.  ( 26 min )

Washington has laid the seeds of a crisis that Wall Street can no longer ignore.  ( 25 min )

The chief financial office’s move to step down is the latest example of high-level churn at the electric-vehicle company.  ( 27 min )

Despite month after month of falling prices, the housing market has so far avoided the most pessimistic forecasts for a market crash.  ( 33 min )

Two ageing French billionaires sit atop the global luxury market: Bernard Arnault and François Pinault.  ( 34 min )

Rising home values and higher mortgage rates have eroded the savings on monthly costs for many who are considering buying now.  ( 27 min )

Investors are again pouring money into meme-focused cryptocurrency Shiba Inu (SHIB) in a sign of caution for bitcoin traders. Open interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according to data source Coinglass. SHIB futures are sized at 1000 SHIB per contract with up to 25x leverage.  ( 30 min )

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The wait-and-see attitude of home buyers is deepening the slump and complicating policy makers’ attempts to revive economic growth.  ( 26 min )

China’s share of U.S. imports hits a 20-year low, with Mexico and Canada becoming America’s top two trade partners.  ( 27 min )

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U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday.  ( 33 min )

AI hype drove huge gains among some tech stocks in the first half of 2023. Lately, that has gone into reverse.  ( 31 min )

(Bloomberg) -- China’s lapse into deflation is emerging as the latest risk for its struggling stock market, denting investor optimism over a much-anticipated earnings rebound. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleMaui Now Looks a Lot Less Like ParadiseHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesThe CSI 300 Index just  ( 32 min )

A credit rating is an assessment of the creditworthiness of a company or government—in general terms or with respect to a particular debt or financial obligation.  ( 27 min )

Credit risk is the possibility of loss due to a borrower's defaulting on a loan or not meeting contractual obligations. Learn how it works.  ( 24 min )

HO5 insurance, a type of home insurance, covers everything and will put the onus on your insurance provider.  ( 24 min )

XRP's role in Ripple's ecosystem is confusing, causing many to quickly lose interest in its utility and invest elsewhere. Here's an explainer of its role.  ( 22 min )

Abstract of Title is the summarized historical legal record of a piece of property.  ( 18 min )

Homes that are being sold without necessary repairs being made first are as-is listings. There can be pros and cons to selling or buying a property this way.  ( 23 min )

The question of whether to buy or rent in the San Francisco Bay Area is a tough one because both options are pricey. Here we discuss how to decide.  ( 24 min )

Learn the eligibility requirements to get an interest-free loan for home improvement projects from your county's housing agency.  ( 22 min )

A canine liability exclusion is a home insurance clause that protects the insurer against paying claims caused by dogs. Homeowners may need an add-on or separate policy.  ( 20 min )

A reinstatement clause is an insurance policy clause that states when coverage terms are reset after the insured files a claim.  ( 18 min )

How much it costs to have your car towed depends on whether you have auto insurance coverage, the right credit card, or a roadside assistance plan.  ( 19 min )

Eviction is the process by which a landlord can remove a tenant from a rental property. It typically involves court proceedings but governments offer some protections.  ( 25 min )

If you’re switching insurance providers, moving to another state, or selling the insured vehicle, here’s how to cancel your auto insurance policy.  ( 19 min )

Crisis management coverage is insurance coverage designed to help a business limit the negative impact of events on the business’s reputation.  ( 18 min )

Casino operator Wynn Resorts (WYNN) capitalized on a surge in tourism and retail spending at its resorts in Las Vegas and Macau that boosted the company's second-quarter earnings.  ( 17 min )

News this week that consumer prices in China fell 0.3% from the year before set off alarm bells because deflation can devastate economies.  ( 17 min )

Annual Renewable Term insurance is term life insurance with a guarantee of future insurability for a set period of years on a renewable basis.  ( 20 min )

In a reverse mortgage, a crossover loss occurs when the loan balance exceeds the property value at the time that the loan pays off.  ( 22 min )

In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, warmte en (land)bouw geven. Deze week: hoe een rijksmonument in Amsterdam groen en gasloos werd.  ( 5 min )

Verschillende grote muziekmaatschappijen hebben de non-profitorganisatie Internet Archive aangeklaagd omdat die het auteursrecht zou hebben geschonden door duizenden oude muzieknummers en -opnames online te zetten.  ( 3 min )

Waar de prijzen in Nederland al een jaar omhoogschieten, was er in China in juli voor het eerst in meer dan twee jaar sprake van dalende prijzen. De angst voor die deflatie neemt toe. Waarom is dat een probleem?  ( 4 min )

De van fraude verdachte oprichter van de failliete cryptobeurs FTX, Sam Bankman-Fried, is opnieuw gearresteerd. Hij was op borgtocht vrij, maar een rechter heeft de borgtocht vervroegd ingetrokken.  ( 3 min )

Bij een vakantie in eigen land hoef je niet te vrezen voor kostbare terugvluchten of een hoge medische rekening. Daarom kun je denken dat een reisverzekering niet nodig is. Sluit je dan alleen nog een polis af voor je bagage?  ( 6 min )

Standard & Poor's (S&P) is globally known for its variety of investable, benchmark financial indices, along with its independent credit ratings.  ( 26 min )

Get to know the relationships that determine a bond's price and its payout.  ( 27 min )

Credit agencies gather debt information that is used to generate a score that indicates creditworthiness.  ( 21 min )

Retired securities have been repurchased by the issuer out of the company's retained earnings and canceled.  ( 19 min )

An administrative charge is charged by an insurer to cover expenses related to record keeping and/or other administrative costs.  ( 18 min )

Comprehensive insurance is car insurance that covers damage to your car from causes other than a collision. Learn about comprehensive insurance costs.  ( 24 min )

Today's best CD rate is 5.75%—available from either Andrews Federal Credit Union or Sun East Federal Credit Union—with three more CDs paying 5.65% and two offering 5.60%.  ( 19 min )

Global oil prices could keep heading higher, IEA says, though its forecast for slowing demand growth could provide some relief in 2024.  ( 18 min )

Associate in Insurance Services (AIS) is a designation earned by insurance professionals and conferred by The Institutes.  ( 18 min )

Former FTX CEO Sam Bankman-Fried had his bail revoked and was sent to jail ahead of his October criminal trial for alleged witness tampering.  ( 18 min )

The Consumer Price Index (CPI) measures change over time in the prices paid by consumers for a representative basket of goods and services.  ( 33 min )

U.S. equities were mixed, with the S&P 500 losing 0.1% on Friday, Aug. 11, 2023, after a higher-than-expected rise in producer prices.  ( 16 min )

Shares of Occidental Petroleum advanced after the U.S. Department of Energy chose the energy company to receive hundreds of millions of dollars in grants for a carbon capture project.  ( 17 min )

Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.  ( 38 min )

Reverse mortgages can provide income for retirement. Learn what can make you ineligible for one and what some of the alternatives are.  ( 22 min )

News Corp shares climbed after the company posted better-than-expected results on cost-cutting moves, and said artificial intelligence would help boost future results.  ( 18 min )

Small businesses can be nimble and innovative, but larger companies have name recognition, can raise capital, and have other advantages that are hard to beat.  ( 19 min )

Surplus lines insurance policies offer coverage for risks that regular insurance companies don’t want to take on.  ( 21 min )

Single-premium life insurance charges the policyholder just one lump-sum premium payment to guarantee the death benefit.  ( 21 min )

A shortage of homes for sale boosted housing values in June to a record $46.8 trillion, surpassing last year's previous all-time high of $46.6 trillion. In more affordable markets, the typical home still sells for below the national median of $426,056.  ( 18 min )

The SEC has announced they have delayed a decision on ARK Invest's bitcoin ETF application in an effort to gather more comments from the public.  ( 17 min )

Net premiums written is the sum of premiums written by an insurance company over time, minus premiums ceded to reinsurance, plus any reinsurance assumed.  ( 19 min )

A capital stock insurance company is an insurer that gets capital from stockholder contributions, in addition to other reserve or surplus accounts.  ( 19 min )

Flying in the U.S. is now 10% lower than pre-pandemic prices and air travel demand is up 12% from the same time last year.  ( 17 min )

Marginal propensity to consume (MPC) is how much more individuals will spend for each additional dollar earned. Here's how to calculate MPC.  ( 24 min )

Despite being followed so relentlessly, the consumer price index (CPI) has its limitations and is an imperfect measure of inflation and the cost of living.  ( 23 min )

The valuation period is the time period during which value is determined for variable investment options.  ( 21 min )

Here’s a look into the importance of microeconomics and how individuals use this theory in the case of leasing an apartment from a landlord.  ( 21 min )

Shares of Maxeon Solar Technologies plunged after the company reduced its outlook because of a decline in demand for solar products.  ( 17 min )

Markets were mixed at midday on Friday, Aug. 11, 2023 after the Labor Department's latest report on wholesale inflation showed producer prices rose more than expected last month.  ( 17 min )

KZT is an abbreviation for the Kazakhstan tenge (KZT), the currency of Kazakhstan.  ( 18 min )

Find out what real estate agents are likely to lie about, the reasons for the lies, and how to protect yourself from unscrupulous agents.  ( 20 min )

The University of Michigan's Consumer Sentiment Index fell 0.6% to 71.2 in August from 71.6 in July.  ( 18 min )

The Consumer Price Index For All Urban Consumers measures monthly change in U.S. consumer prices.  ( 23 min )

A flat dollar is a fixed dollar amount charged for transactions, as opposed to an amount based upon a percentage of the transaction.  ( 18 min )

Crypto trading platform Bittrex, that shuttered its U.S. operations earlier this year, will pay $24 million to settle SEC charges for running an unlicensed exchange, broker, and clearing agency.  ( 19 min )

Swiss megabank UBS has agreed to voluntarily end a $10 billion backstop used to cover potential losses from its merger with Credit Suisse.  ( 17 min )

The Family and Medical Leave Act is sparse and makes the U.S. one of the only countries that has no mandated form of paid leave for new parents.  ( 25 min )

Cano Health shares plummeted to an all-time low after the health care provider for seniors warned it may not be able to continue operations and is looking for a buyer as revenue sank and expenses rose.  ( 17 min )

Alphabet's Waymo and General Motor's Cruise received regulatory approval to expand their robotaxi services to offer driverless ride-hailing services 24/7 across San Francisco.  ( 17 min )

Archer Aviation will team up with Boeing for autonomous flying technology after ending litigation, as the startup prepares to grow with an FAA nod for test flights and another $215 million in funds from investors.  ( 18 min )

Mortgage rates dropped across every loan type except jumbo loans, with the 30-year average now down to a two-week low after dropping about a quarter point over the past week.  ( 20 min )

Price discrimination is the strategy of a business or seller charging different prices to different customers for the same product or service. There are three ways businesses can do it.  ( 23 min )

While a strong U.S. dollar benefits some, it negatively impacts others. These are the advantages and disadvantages of a strong U.S. dollar, and who gains and loses.  ( 22 min )

The factors of production are the resources used in creating and producing a good or service and are the building blocks of an economy. Learn why they're important.  ( 23 min )

Here is how the Shell Fuel Rewards Card works including where and how to apply, where it can be used, interest rates and fees charged, and the rewards and benefits involved.  ( 22 min )

Learn how the law of supply and demand affects prices, whether supply remains the same and demand increases or vice-versa, plus the exceptions to the rule.  ( 24 min )

The latest Producer Price Index tracking wholesale inflation is expected to show prices ticked higher for July, and Google and GM get authority to operate self-driving taxis in San Francisco. Here’s what investors need to know today.  ( 17 min )

Elasticity and Inelasticity of demand are the degrees to which demand changes in response to price changes, income levels, and substitution.  ( 24 min )

The costs of attending NYU—including paying NYU’s tuition bills—are above average, even for private universities. But research shows it's a wise investment.  ( 24 min )

A unit linked insurance plan (ULIP) is an investment product that provides insurance payout benefits.  ( 23 min )

The International Institute for Management Development is one of the top graduate business schools in the world, located in Lausanne, Switzerland.  ( 22 min )

As stocks sink into an August malaise, it’s time to think about what could go right for investors.  ( 26 min )

Shares of movie-theater chain sink late Friday as settlement clears plan to issue more shares, raise capital.  ( 25 min )

Stocks rose, fell, rose and fell, ultimately finishing lower this past week. Tech feels the pain.  ( 26 min )

Wayfair looks headed for accelerated gains in sales and profits.Plus, insights on Petrobras, UPS, and Six Flags.  ( 26 min )

Consumers are still feeling the pinch of higher prices, despite data showing moderating inflation. Bottom line: Don’t count on Fed rate cuts in 2024.  ( 26 min )

"Rome was not built in a day, and neither will the AI ecosystem but this build out is unlike anything we have seen since the Internet in 1995."  ( 31 min )

Lloyd Blankfein called his successor as Goldman's CEO, David Solomon, to complain about the bank's slumping stock and offer to help out, report says.  ( 32 min )

Plus, the SEC fined Wells Fargo and others for not keeping records of business communications.  ( 30 min )

(Bloomberg) -- The World Bank arbitration court awarded $77 million to Exxon Mobil Corp. in a resubmitted claim worth $1.4 billion over the nationalization of Venezuela’s Cerro Negro and La Ceiba crude projects in 2007.Most Read from BloombergDavid Solomon Scrutiny Spreads From Goldman to Alma MaterMaui Now Looks a Lot Less Like ParadiseBankman-Fried in Custody After Bail Is Revoked Over LeaksJeff Bezos Buys $68 Million Home on Florida’s Exclusive Indian Creek IslandThe award is the result of a  ( 32 min )

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10-year Treasury yields are rising faster than two-year yields for one of two reasons. Determining the right one will make all the difference.  ( 26 min )

Australia-listed investment firm GQG Partners added more shares of Nvidia Corp in the second quarter, ending June with $5.9 billion invested in the chipmaker, according to regulatory filings on Friday. Shares in Nvidia are up roughly 180% year to date and reached $1 trillion in market capitalization, amid excitement over advancements in artificial intelligence. In the beginning of June, Chief Investment Officer Rajiv Jain told Reuters he had been meaningfully increasing the firm's position in Nvidia, as he believed the stock had room for more gains.  ( 31 min )

NextEra Energy owns the largest renewables business in the U.S., and the biggest utility. The stock’s selloff offers an opportunity.  ( 26 min )

The fast-fashion company now rivals H&M and Zara, but questions over its labor practices are increasingly taking the spotlight.  ( 34 min )

A long awaited plan to convert preferred equity units into AMC's common stock was approved in Delaware court, sending shares down in late trading Friday.  ( 26 min )

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Today's best CD rate is 5.75%—available from either Andrews Federal Credit Union or Sun East Federal Credit Union—with three more CDs paying 5.65% and two offering 5.60%.  ( 21 min )

Oil prices are heading to a record again, and it’s increasingly clear the gains are no fluke. Demand hit a record in June and is on track to stay at high levels for the rest of the year.  ( 27 min )

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(Bloomberg) -- AMC Entertainment Holdings Inc. won court approval of a stock conversion plan that had spurred a shareholder lawsuit and cast a cloud over the movie theater chain’s efforts to secure new financing.Most Read from BloombergBiden Fears China Economy Is ‘Ticking Time Bomb’Jeff Bezos Buys $68 Million Home on Florida’s Exclusive Indian Creek IslandRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Now Looks a Lot Less Like ParadiseConsulting Firms Are Paying Undergrads $2  ( 33 min )

Global oil prices could keep heading higher, IEA says, though its forecast for slowing demand growth could provide some relief in 2024.  ( 19 min )

AMC Entertainment's revised stockholder settlement was approved by a Delaware judge on Friday, according to a court filing, three weeks after the judge rejected a related deal. Under the approved class action settlement, cinema operator AMC will provide stock worth an estimated $129 million to holders of its common stock to settle potential legal claims related to a stock conversion plan. The approved class settlement did not allow shareholders to opt out and binds them to the agreement.  ( 31 min )

WILMINGTON, Delaware (Reuters) -AMC Entertainment's revised stockholder settlement was approved by a Delaware judge on Friday, according to a court filing, three weeks after the judge rejected a related deal. Under the approved class action settlement, cinema operator AMC will provide stock worth an estimated $129 million to holders of its common stock to settle potential legal claims related to a stock conversion plan. The approved class settlement did not allow shareholders to opt out and binds them to the agreement.  ( 31 min )

Research shows that the amount of dopamine released in response to a reward is increased when the reward is unpredictable.  ( 33 min )

“Friday is increasingly winning out in the WFH stakes,” the WFH Research cofounder tells Fortune.  ( 32 min )

(Bloomberg) -- Deep within the underbelly of the options world lies a threat to the stock-market calm that’s prevailed all year. Most Read from BloombergMaui Now Looks a Lot Less Like ParadiseJeff Bezos Buys $68 Million Home on Florida’s Exclusive Indian Creek IslandBankman-Fried in Custody After Bail Is Revoked Over LeaksDavid Solomon Scrutiny Spreads From Goldman to Alma MaterWhile benchmark indexes just limped to one of their smallest weekly changes of 2023, intraday moves tell a different st  ( 34 min )

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The biggest question for the island’s companies—and broader economy— will be how long tourists might stay away.  ( 27 min )

A United Kingdom-based investment firm and seven entities of GKN Aerospace have asked the Missouri Supreme Court to dismiss them from a lawsuit that The Boeing Co. filed, arguing they are not subject to state law because they aren’t incorporated here.  ( 13 min )

Only eight companies in the S&P 500 have larger market values than Apple's outlay on share repurchases over the last decade.  ( 32 min )

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In 2023, US equities have wiped the floor relative to the government IOUs  ( 6 min )

Truist's shares slid earlier this week following Moody's decision to review the bank for a potential downgrade. But as of Friday, its stock had started to make a comeback.  ( 11 min )

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The weight-loss and diabetes injectables have seen a surge in demand primarily in the U.S., buoying Novo Nordisk’s profits in the first half of 2023.  ( 33 min )

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Stocks traded mixed Friday as investors continued to weigh the impact of inflation.  ( 31 min )

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Thursday, Boeing and Archer Aviation settled litigation. Boeing even took a stake in the flying car start-up. Archer shares surged initially but gave back some early gains.  ( 26 min )

Electric-vehicle makers Lucid Group and Rivian have similar market values. That doesn't make a lot of sense for European firm Exane BNP Paribas.  ( 26 min )

Central bank will continue shedding Treasuries at a time of significant US government borrowing  ( 6 min )

Cano Health shares plummeted to an all-time low after the health care provider for seniors warned it may not be able to continue operations and is looking for a buyer as revenue sank and expenses rose.  ( 17 min )

Comcast’s broadband network is crucial to the future of technology. Even so, its stock is cheap compared with buzzier names like Netflix, Nvidia, and Meta Platforms.  ( 26 min )

On Tuesday, Rivian Automotive Inc (NASDAQ: RIVN) posted its second quarter results. The Amazon.com Inc (NASDAQ: AMZN)-backed EV maker posted a narrower than expected loss while lifting its production guidance. Rivian shares initially went up nearly 3% after the report, but its stock has soared 80% over the past 90 days as it continues to enjoy growing demand for its electric pickup and sport utility vehicle despite raised borrowing cost. While its EV rivals burn cash to ramp up production and fo  ( 32 min )

Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital. The post Cash-poor transportation startups gambling for fresh capital appeared first on FreightWaves.  ( 35 min )

It's always risky for an investor to buy or sell shares of a stock right before an earnings report because nobody can predict with 100% accuracy how a company will perform, nor is it possible to gauge how Wall Street will react to the news. When a company misses the earnings estimate, sometimes it gets shrugged off if the revenue beats the estimates. Other times the earnings may beat the estimates, but the revenue falls short of expectations and that precipitates a sell-off in share price. Anoth  ( 34 min )

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Customers in the proposed class action said HP concealed how its printers enter an "error state" when low on ink, disabling scanning and faxing functions that do not require ink, and forcing them to buy unnecessary, high-margin ink cartridges. U.S. District Judge Beth Labson Freeman in a decision on Thursday found sufficient allegations that HP knew about the defect, citing a message board post where a support agent told a customer that his printer "will not function" without ink.  ( 31 min )

Stocks traded mixed Friday as investors continued to weigh the impact of inflation.  ( 31 min )

For anyone in the market for a corporate jet, federal regulators have just the thing for you. The Federal Deposit Insurance Corp. is selling a “spectacular” corporate jet that can accommodate 13 passengers, complete with leather seatin  ( 23 min )

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(Reuters) -Chrysler parent Stellantis sharply criticized the demands of the United Auto Workers (UAW) union on Friday, saying they need "a focus on reality from everyone involved." Stellantis North America Chief Operating Officer Mark Stewart said in a letter to employees seen by Reuters the automaker is "committed to working with the UAW to reach an agreement based on economic realism." A UAW spokesman declined immediate comment on Stewart's letter, but earlier this week UAW President Shawn Fain called the Stellantis proposals "trash" and tossed a copy of them in a waste basket in live streamed remarks.  ( 31 min )

A financial advisor told me the pros of building a two-part bond ladder (three-year Treasurys and 10-year corporates) to generate fixed income and cover required minimum distributions (RMDs). What are the cons? -Ken When used in the right circumstances and … Continue reading → The post Ask an Advisor: I've Heard About the Benefits of a Bond Ladder Strategy. What Are the Downsides? appeared first on SmartAsset Blog.  ( 32 min )

I am 65 and at the absolute peak of my earnings. I'm also in the 35% tax bracket and am not looking to retire soon. I need $30,000 for a home project. I have enough to take it out of … Continue reading → The post Ask An Advisor: I'm 65, Earning at My ‘Absolute Peak' and Won't Retire Soon. Should I Use My Roth IRA for a $30K Home Improvement Project? appeared first on SmartAsset Blog.  ( 34 min )

Twilio upgraded, Sealed Air downgraded: Wall Street's top analyst calls  ( 34 min )

Stock futures traded lower Friday, as investors continued to weigh the impact of inflation.  ( 31 min )

The Detroit Big Three car companies are in talks with the UAW over a contract deal that would replace one that expires in September.  ( 27 min )

Wedbush analyst Daniel Ives, a longtime tech bull, sticks with his call for a 12% to 15% gain in the Nasdaq, despite a recent dip in performance.  ( 26 min )

American investors shouldn't be surprised by Anheuser-Busch InBev's strong second quarter. They need to look beyond the U.S. boycott of Bud Light.  ( 26 min )

Citi analysts downgrade the company's shares to Neutral from Buy, citing many challenges for the primary-care provider.  ( 26 min )

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Stock futures traded lower Friday, as investors continued to weigh the impact of inflation.  ( 31 min )

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Bitcoin briefly rose above US$30,000 twice this week, but failed to remain the support level despite positive catalysts in the industry like the launch of PayPal’s new stablecoin. Bitcoin will have to close the week above US$29,300 for upward momentum, industry experts told Forkast.  ( 33 min )

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A #KansasCity executive with a familiar name will lead #AMCTheatres marketing efforts.  ( 10 min )

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The latest Producer Price Index tracking wholesale inflation is expected to show prices ticked higher for July, and Google and GM get authority to operate self-driving taxis in San Francisco. Here’s what investors need to know today.  ( 17 min )

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Stock futures wavered around the flatline on Friday, as markets waited for fresh inflation data to provide insight into the Fed's next move.  ( 32 min )

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While investors may be cheering a benign report, there are signs that the volatile energy components are inflecting again.  ( 32 min )

Retirees open up about their financial lives and how they spend their time and money.  ( 23 min )

(Bloomberg) -- Alphabet Inc. is facing a new and, by most accounts, welcome problem — how to spend its rapidly expanding pile of cash. Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachBiden Fears China Is ‘Ticking Time Bomb' Posing Danger to WorldFirst American City to Tame Inflation Owes Its Success to Affordable HousingEcuador Presidential Candidate Assassinated, Suspect Shot DeadThe Google owner generated nearly $2  ( 33 min )

The California Public Utilities Commission voted to allow GM's Cruise and Google's Waymo to offer paid rides in driverless vehicles across the city at all hours of the day with an unlimited number of vehicles.  ( 26 min )

U.S. stock futures edged lower Friday as investors continued to digest July’s CPI data, while looking ahead to wholesale price inflation data Friday. Dow Jones Industrial Average futures fell 30 points, or 0.1%, S&P 500 futures were down 0.2% and Nasdaq 100 futures declined 0.3%. All three indexes  ( 13 min )

The Swiss bank says it no longer needs a $10 billion backstop or liquidity lines.  ( 27 min )

(Bloomberg) -- Investors piled into cash and bonds while pulling money out of the US stock market in recent days, according to Bank of America Corp. strategists.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachFirst American City to Tame Inflation Owes Its Success to Affordable HousingBiden Fears China Is ‘Ticking Time Bomb' Posing Danger to WorldEcuador Presidential Candidate Assassinated, Suspect Shot DeadCash funds  ( 31 min )

(Bloomberg) -- Declines for Chinese technology companies weighed on Asian equities while US futures edged higher and the dollar clung to a Thursday rally.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachFirst American City to Tame Inflation Owes Its Success to Affordable HousingEcuador Presidential Candidate Assassinated, Suspect Shot DeadDave Portnoy Paid Just $1 to Buy Barstool Sports BackMainland China and Hong Kon  ( 33 min )

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"When [Fed] reserves have been declining by more than $38 billion over the past four weeks, stocks have struggled," Ned Davis Research said.  ( 31 min )

(Reuters) -Gold prices held near one-month lows on Friday, shrugging off cooler-than-expected U.S. inflation figures for last month, with bullion staying on course to wrap up its worst week in seven as the U.S. dollar and bond yields stood strong. Spot gold edged 0.1% higher to $1,913.95 per ounce by 0347 GMT, but traded near its lowest level since July 7 touched earlier in the day. Gold gained as much as 0.8% on Thursday after data showed the U.S. consumer price index (CPI) climbed 3.2% on an annual basis, but was less than the Reuters poll forecast of 3.3%, raising bets that the U.S. central bank will unlikely hike interest rates again in 2023.  ( 31 min )

Who doesn’t love a bargain? Buying quality for a low price is one of the thrills of the market system – and that applies to stock markets as well. The trick is knowing which rock-bottom stocks are the right ones to buy. Plenty of stocks are priced low, and bargain-hunting investors need to find the ones whose fundamentals are sound. The sheer volume of stocks, and the reams of data they produce, makes that difficult – but Wall Street analysts make their living by taking deep dives behind the sce  ( 34 min )

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Russia's currency has plunged to its lowest level against the dollar since the Ukraine invasion, blowing past the Kremlin's "comfort zone."  ( 31 min )

Global oil prices could keep heading higher, IEA says, though its forecast for slowing demand growth could provide some relief in 2024.  ( 1 min )

U.S. equities were mixed, with the S&P 500 losing 0.1% on Friday, Aug. 11, 2023, after a higher-than-expected rise in producer prices.  ( 1 min )

Markets were mixed at midday on Friday, Aug. 11, 2023 after the Labor Department's latest report on wholesale inflation showed producer prices rose more than expected last month.  ( 1 min )

The latest Producer Price Index tracking wholesale inflation is expected to show prices ticked higher for July, and Google and GM get authority to operate self-driving taxis in San Francisco. Here’s what investors need to know today.  ( 1 min )

Shares of Occidental Petroleum advanced after the U.S. Department of Energy chose the energy company to receive hundreds of millions of dollars in grants for a carbon capture project.  ( 1 min )

Alphabet's Waymo and General Motor's Cruise received regulatory approval to expand their robotaxi services to offer driverless ride-hailing services 24/7 across San Francisco.  ( 1 min )

Archer Aviation will team up with Boeing for autonomous flying technology after ending litigation, as the startup prepares to grow with an FAA nod for test flights and another $215 million in funds from investors.  ( 1 min )

Swiss megabank UBS has agreed to voluntarily end a $10 billion backstop used to cover potential losses from its merger with Credit Suisse.  ( 1 min )

Cano Health shares plummeted to an all-time low after the health care provider for seniors warned it may not be able to continue operations and is looking for a buyer as revenue sank and expenses rose.  ( 1 min )

Het aantal schuldzaken tegen discounter Big Bazar neemt toe. Directeur Joost Konings van Invorderingsbedrijf Amsterdam meldt dat er inmiddels tien lopende dossiers in behandeling zijn. De totale vorderingen tegen Big Bazar gaan richting de 430.000 euro.  ( 3 min )

Drankenproducent Bacardi staat op een Oekraïense lijst van zogenoemde oorlogssponsors, waarmee Oekraïners aandacht vragen voor bedrijven die zakendoen in Rusland. Het agentschap achter de lijst stelt dat Bacardi misbruik maakt van het vertrek van concurrenten.  ( 3 min )

Rusland heeft afgelopen maand meer verdiend met de export van olie doordat Moskou de prijzen heeft verhoogd.  ( 3 min )

De economie van het Verenigd Koninkrijk is het afgelopen kwartaal onverwachts 0,2 procent gegroeid. Het is de grootste groei in meer dan een jaar.  ( 3 min )

De economie van het Verenigd Koninkrijk groeide onverwachts 0,2 procent in het afgelopen kwartaal, laat het nationale Britse statistiekbureau weten. Dat is de grootste groei in meer dan een jaar.  ( 3 min )

Het Nederlandse internetknooppunt AMS IX heeft het stroomverbruik van een van de datacenters met 85 procent weten te verlagen. Voorheen verbruikte de locatie evenveel stroom als 185 huishoudens. Dankzij nieuwe apparatuur is dat nu evenveel als 29 woningen.  ( 3 min )

Het Nederlandse internetknooppunt AMS IX heeft het stroomverbruik van een van de datacenters met 85 procent weten te verlagen. Voorheen verbruikte de locatie evenveel stroom als 185 huishoudens. Dankzij nieuwe apparatuur is dat nu evenveel als 29 woningen.  ( 4 min )

De Volksbank, het moederbedrijf van de ASN Bank, RegioBank en SNS, kan een boete van De Nederlandsche Bank verwachten omdat ze niet genoeg doet om witwassen en financiering van terrorisme tegen te gaan.  ( 4 min )

Eigenaar Elon Musk wil van Twitter (inmiddels bekend als X) een allesapp gaan maken. Daarom kunnen gebruikers binnenkort videobellen en geld naar elkaar overmaken.  ( 4 min )

Het aantal faillissementen is in juli afgenomen, nadat het aantal zaken dat over de kop ging in de drie maanden daarvoor alleen maar was gestegen.  ( 3 min )

De Volksbank, het moederbedrijf van de ASN Bank, RegioBank en SNS, kan een boete van De Nederlandsche Bank verwachten omdat ze niet genoeg doet om witwassen en financiering van terrorisme tegen te gaan.  ( 3 min )

Het aantal faillissementen is in juli afgenomen, nadat het aantal zaken dat over de kop ging de afgelopen drie maanden alleen maar steeg. Dat meldt statistiekbureau CBS.  ( 3 min )

Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.  ( 4 min )

Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.  ( 4 min )

Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.  ( 4 min )

The cooperation clause in an insurance contract requires the policyholder to assist the insurer in the event a claim is filed against the policy.  ( 20 min )

Real estate agents are a resource when searching for a rental property and may provide negotiating power when signing a lease.  ( 21 min )

Gary S. Becker was an American economist who won the 1992 Nobel Prize for his microeconomic analysis of the economic aspects of human decision-making.  ( 19 min )

Six tips can help you find the apartment that meets your needs at the best price.  ( 20 min )

Parent PLUS loans allow parents to borrow money to help pay for their children’s education. Here’s everything you need to know to apply.  ( 20 min )

The Supreme Court will decide whether the Sackler family, and the pharmaceutical company they own, Purdue Pharma, will be allowed to pay $6 billion to avoid future liability for their role in causing the opioid crisis.  ( 16 min )

When replacing a life insurance policy, a lot can go wrong for the consumer. Find out how life insurance replacements are regulated by the states.  ( 21 min )

The S&P 500 was little changed with a small gain of 0.03% on Thursday, Aug. 10, 2023 after a report on consumer prices showed inflation rose less than expected last month.  ( 17 min )

Increasing costs, faltering subscriber growth, inflation, and reduced revenue per membership figures all contribute to subscription price hikes.  ( 21 min )

A consequential loss is an insurance term for an income hit caused by a business's inability to use damaged property or equipment as usual.  ( 21 min )

Global rice prices hit a 12-year high in July, the United Nations' Food and Agriculture Organization (FAO) said in a report, which could exacerbate global food insecurity.  ( 18 min )

Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.  ( 19 min )

General Motors shares dipped as the carmaker once again warned that production of its electric vehicle lineup is being slowed by issues assembling updated battery modules.  ( 16 min )

Shares of Ralph Lauren lost ground after the fashion clothing company warned American consumers are cutting back on discretionary spending.  ( 17 min )

A debt security is a debt instrument that has its basic terms, such as its notional amount, interest rate, and maturity date, set out in its contract.  ( 23 min )

Maryland, New Jersey, Delaware led the nation in foreclosure filings in July.  ( 18 min )

Recessions are a persistent downturn in economic activity. Here we look at the causes and effects of major U.S. recessions since the Great Depression.  ( 32 min )

The Fed views the Producer Price Index as a forerunner of consumer inflation. Rising prices at the production level are typically passed on to consumers at the retail level on a time lag.  ( 18 min )

Return on policyholder surplus is the ratio of an insurance company’s net income to its policyholder surplus.  ( 19 min )

Developed to net premiums earned is the ratio of developed premiums to net premiums earned over a given time period.  ( 19 min )

Throwing some burgers and hot dogs on the grill in July put a bigger dent in your budget than it did the month before, while prices for some other foods have gone down.  ( 18 min )

Amid surging prices and higher loan rates, paying for a new car costs more than ever—and owning a home and a new car now eats almost half of the typical American's budget.  ( 20 min )

Bare walls coverage is a type of insurance coverage that applies to communally used features in residential multi-family buildings.  ( 18 min )

As you age, saving and investing become higher priorities. Read about finding the best financial professional for your current stage in life.  ( 25 min )

The Samuel Curtis Johnson Graduate School of Management is a graduate business school based at Cornell University in Ithaca, New York.  ( 20 min )

A valuation clause is a provision in an insurance policy specifying the amount the policyholder will receive if a covered hazard event occurs.  ( 23 min )

Bond rating agencies are companies that assess the creditworthiness of both debt securities and their issuers. Discover more about them here.  ( 25 min )

Shares of AppLovin (APP) jumped as the artificial intelligence (AI)-based mobile marketing platform reported better-than-expected results amid soaring demand for all things AI.  ( 16 min )

U.S. equities gained at midday on Thursday, Aug. 10, 2023 after the Labor Department reported consumer prices increased less than expected in July.  ( 16 min )

Novo Nordisk raised its outlook as revenue from its popular weight-loss treatment, Wegovy, skyrocketed.  ( 17 min )

Bank of America offers many personal financial products, including savings accounts. See if Bank of America’s rates are attractive enough for your deposit.  ( 21 min )

Barclays offers a competitive APY on its single savings account, which is light on restrictions and fees. Learn more about Barclays Online Savings Account to see if it’s right for you.  ( 20 min )

Chase Bank offers two savings accounts to its customers with below-average interest rates, but the bank has other financial services worth considering.  ( 19 min )

Bernie Sanders did not become the Democratic presidential nominee for 2020, but his economic plan still raises many important points and addresses ongoing issues.  ( 32 min )

Ad-free Disney+ subscription price to increase roughly 27% to $14 a month, following the company's loss of millions of streaming subscribers.  ( 17 min )

Capri's shares rose in premarket trading on Thursday as fashion conglomerate Tapestry announced a $8.5 billion acquisition deal that will bring six luxury brands under one company.  ( 17 min )

Rent-to-own policies can help you afford a car if you have poor or no credit. Learn how the process works, how your credit plays a role, and about other options.  ( 24 min )

Synthetic biotechnology company Amyris filed for Chapter 11 bankruptcy protection as it restructures, leading its share price to drop more than 70% in early trading Thursday.  ( 16 min )

Rates on 30-year mortgages climbed slightly, ending a three-day slide that had lowered the average almost a quarter percentage point. All other averages were up or held steady.  ( 20 min )

Inflation is continuing to cool down, though you might not think it from the 12-month inflation rate.  ( 18 min )

Rates on 30-year mortgages have sunk almost a quarter percentage point over the past three days, with the averages on almost every other loan type dropping as well.  ( 21 min )

Contempt of court is an act of disrespect or disobedience toward a court or interference with its orderly process.  ( 23 min )

In prior years, those applying to an MBA program had to take the GMAT exam. Today, a growing number of universities accept the GRE as well.  ( 25 min )

Money market accounts have some similarities and differences when compared with money market funds. Learn more about how the two accounts compare.  ( 25 min )

A currency or forex trading platform is a type of trading platform used to help currency traders with forex trading analysis and trade execution.  ( 22 min )

When deciding whether to get a degree abroad, research and talk to alumni who have completed the same program.  ( 21 min )

Bayes' theorem is a mathematical formula for determining conditional probability of an event. Learn how to calculate Bayes' theorem and see examples.  ( 26 min )

Alibaba Group Holdings Ltd. delivered serious gains in the quarter ended June 30, with income from operations up 70% year-over-year, sending its stock up nearly 7% this morning.  ( 17 min )

This $900 billion COVID-19 stimulus bill included $600 direct individual payments, $300/week unemployment benefits, and more. See how it compares to other legislation.  ( 28 min )

Walt Disney and Co. lost about 12 million Disney+ streaming subscribers, took a big hit due to restructuring costs, and missed revenue projections, but its third-quarter earnings per share beat analysts' expectations.  ( 19 min )

Inflation is expected to move higher in July and Disney shares are rising after it announced it would lift prices for its streaming services. Here’s what investors need to know today.  ( 18 min )

With home prices and borrowing costs increasingly out of reach, the ranks of renters continues to grow in NYC, the country's biggest rental city.  ( 18 min )

Discover the consumer discretionary sector, industries within this sector and companies producing goods that fall under the consumer discretionary definition.  ( 21 min )

A recession, or a decline in economic activity lasting several months, is usually caused by events such as a financial crisis or supply chain disruption. Learn more.  ( 27 min )

Improve your financial advisory business by building a client base of people who share similar priorities, values, and long-term goals.  ( 22 min )

The term “unauthorized insurer” refers to a fraudulent business that is posing as a legitimate insurance company.  ( 18 min )

The law of supply in economics states that as the price of a good or service increases, the quantity of goods or services increases and vice versa. Learn more.  ( 26 min )

The Carmack Amendment amends the Interstate Commerce Act of 1877 and limits the liabilities of carriers to loss or damage of the property itself.  ( 19 min )

Business school can have a lasting impact on your career, but is an MBA right for you? Learn what to consider before deciding to go back to school.  ( 23 min )

Kenneth I. Chenault is a former chair and CEO of American Express  ( 21 min )

Understanding the differences between insurance, excess insurance, and reinsurance might help you avoid being overinsured or underinsured.  ( 21 min )

An affidavit of title is a document provided by the seller of real estate showing the status of the property, including ownership and legal issues.  ( 23 min )

Increasing costs, faltering subscriber growth, inflation, and reduced revenue per membership figures all contribute to subscription price hikes.  ( 1 min )

Synthetic biotechnology company Amyris filed for Chapter 11 bankruptcy protection as it restructures, leading its share price to drop more than 70% in early trading Thursday.  ( 1 min )

Ad-free Disney+ subscription price to increase roughly 27% to $14 a month, following the company's loss of millions of streaming subscribers.  ( 1 min )

General Motors shares dipped as the carmaker once again warned that production of its electric vehicle lineup is being slowed by issues assembling updated battery modules.  ( 1 min )

Capri's shares rose in premarket trading on Thursday as fashion conglomerate Tapestry announced a $8.5 billion acquisition deal that will bring six luxury brands under one company.  ( 1 min )

The Supreme Court dealt a setback to video game publisher Epic in its battle against Apple over how the iPhone giant treats developers that sell programs on the App store.  ( 1 min )

Electric vehicle (EV) maker Rivian Automotive keeps losing money on every vehicle it makes, but losses have narrowed and the company expects profitability by the end of 2024.  ( 1 min )

"There's no rule that everybody has to win," the CEO of Ouster said as the company reported its second-quarter results.  ( 26 min )

The latest luxury fashion M&A deal drew a mixed response from pros on Wall Street and in the industry.  ( 33 min )

New- and used-car prices fell in July, easing some pain for U.S. consumers. Yet prices for insurance, repair, and other services continued to march higher.  ( 26 min )

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Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.  ( 20 min )

StoneX's Vincent Deluard sees investors swapping stocks for bonds, reluctant sellers eventually listing their homes, and the economic rebound fading.  ( 31 min )

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General Motors shares dipped as the carmaker once again warned that production of its electric vehicle lineup is being slowed by issues assembling updated battery modules.  ( 16 min )

Stocks rose Thursday as the July US inflation report showed prices increased more than in June.  ( 32 min )

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GE pulled back to a historically bullish trendline on the charts  ( 31 min )

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Stocks rose Thursday as the July US inflation report showed prices increased more than in June.  ( 32 min )

China's property sector is teetering on another Evergrande moment, as a developer with almost $200 billion of debt is in deep trouble.  ( 34 min )

Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics. The post Forward Air merges with Omni Logistics, will target expedited LTL appeared first on FreightWaves.  ( 33 min )

Linda Yaccarino, CEO of the former Twitter, says she has the authority to run Elon Musk's social-media company. Investors see Musk spending more time and attention to Tesla.  ( 26 min )

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Shares of WeWork, the distressed co-working space provider, soared 67% in recent trading. It's not the first time this month shares of a troubled company are soaring for no obvious reason. Companies from Tupperware to Yellow have jumped out of the blue in recent weeks. In case you missed the memo—  ( 21 min )

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Synthetic biotechnology company Amyris filed for Chapter 11 bankruptcy protection as it restructures, leading its share price to drop more than 70% in early trading Thursday.  ( 18 min )

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Campbell Soup CEO Mark Clouse addresses one big social media concern about his $2.7 billion deal for pasta sauce maker Rao's.  ( 32 min )

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Alibaba Group Holdings Ltd. delivered serious gains in the quarter ended June 30, with income from operations up 70% year-over-year, sending its stock up nearly 7% this morning.  ( 17 min )

PayPal's stablecoin stands out because it's not just "more crypto for crypto," one expert wrote in CoinDesk.  ( 12 min )

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Penn downgraded, Roblox upgraded: Wall Street's top analyst calls  ( 33 min )

The auto industry is changing in a multitude of ways. Electric powertrains are challenging the traditional combustion engine, and other technologies, such as mobile wireless connectivity and artificial intelligence, are bringing a sea change to the way we drive. New opportunities are opening for investors in these emerging technologies. These aren’t going to be risk-free choices – remember how many car companies popped up in the 1920s and ‘30s before Detroit stabilized with the Big Three – so th  ( 34 min )

Federal Reserve policymakers are unlikely to raise interest rates again in 2023 and will probably start cutting them early next year, traders bet on Thursday, after a U.S. government report showed consumer prices rose only moderately last month. Traders of futures tied to the Fed's policy rate now see less than a 10% chance that the U.S. central bank will increase its benchmark overnight interest rate from its current 5.25%-5.50% range at a Sept. 19-20 policy meeting. They had seen about a 14% chance of a rate hike next month before the Labor Department report showed the July consumer price index (CPI) rose 3.2% from a year ago, following a 3% year-over-year increase in June.  ( 30 min )

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Stocks rose Thursday as the July US inflation report showed prices increased more than in June.  ( 31 min )

If you're planning on making tax-deferred retirement accounts the last pot of money you tap after retirement, you've got a lot of company. And why not? The idea that your 401(k) or traditional IRA can keep growing and churning out … Continue reading → The post Want to Minimize Retirement Taxes? Don't Follow This Popular Strategy appeared first on SmartAsset Blog.  ( 32 min )

Wealth managers help set and reach goals for financial needs. Here's a breakdown of wealth management services and examples of when you will need them.  ( 32 min )

Acclaimed Hollywood A-lister Ryan Reynolds has proven himself to be more than just an entertainer, delving into the world of investments with remarkable success. Despite his humble admission of not being an investing wizard, Reynolds has accumulated millions of dollars through well-timed business bets in recent years. In a recent appearance on CNBC’s "Squawk Box", Reynolds discussed his latest investment venture: Canadian financial technology (fintech) company Nuvei. See more on startup investin  ( 32 min )

If you're approaching retirement age, you have a lot to think about. Focusing on limiting your tax liability can be especially valuable. After all, the more taxes you pay in retirement, the less money you'll have to live off. If … Continue reading → The post 5 Ways to Reduce Tax Liability in Retirement appeared first on SmartAsset Blog.  ( 33 min )

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Wilko, the high street discount chain, has plunged into administration, putting 12,000 jobs at risk after it failed to secure a rescue deal.  ( 44 min )

Stock futures rose Thursday as the July US inflation report showed prices increased more than in June, crucial to the Federal Reserve's decision making about when to pull back on hiking interest rates.  ( 31 min )

If the SEC needs more time to assess the practicality of the surveillance-sharing agreements, then the bitcoin price may correct initially in mid-September, and would be the “dip to buy,” the report said.  ( 31 min )

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July CPI is a key factor in the Federal Reserve's decision on whether to hike interest rates next month.  ( 30 min )

(Bloomberg) -- Global oil markets are on track for a sharp supply deficit of more than 2 million barrels a day this quarter as Saudi Arabia slashes production, OPEC data indicate.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Ecuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tycoon  ( 32 min )

Hoffman was named CEO at the end of 2021.  ( 31 min )

The hydrogen technology company posted a second-quarter loss of 40 cents a share. Wall Street was looking for a 27-cent loss. But its likely another factor that's driving the shares lower.  ( 26 min )

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Banking sector CEOs have been among the pushiest when it comes to ending hybrid work. But new data shows two-thirds of their top level execs would likely resign if they were forced to return to the office.  ( 31 min )

Virgin Galactic stock is rising ahead of the company's second commercial flight, slated for August 10. The Livestream of the event starts at 11 a.m. Eastern time.  ( 26 min )

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A big deal in the luxury goods space.  ( 31 min )

The Chinese EV market is maturing. As it does, investors will be looking for earnings when they evaluate shares.  ( 26 min )

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Applovin guides for third-quarter sales of $780 million to $800 million, higher than analysts' expectations.  ( 26 min )

(Bloomberg) -- Alibaba Group Holding Ltd.’s revenue beat expectations after its core e-commerce arm returned to growth, a big step for a national icon trying to revive its business in a volatile economy.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woma  ( 32 min )

Stock futures rose Thursday ahead of the release of the July US inflation report, crucial to the Federal Reserve's decision making about when to pull back on hiking interest rates.  ( 31 min )

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China's Alibaba Group Holding reported first-quarter revenue on Thursday that beat analysts' estimates as consumer sentiment bounced back from the same time a year earlier when there were strict pandemic-related lockdowns. The company posted revenue of 234.16 billion yuan ($32.29 billion) in the quarter, compared with analysts' estimates of 224.92 billion yuan, according to Refinitiv data. (1 Chinese yuan renminbi = $0.1387)  ( 30 min )

CEO Bob Iger said on the company's earnings call that it is considering strategic options for its linear TV channels.  ( 26 min )

(Bloomberg) -- Novo Nordisk A/S said the supply of its blockbuster obesity medicine Wegovy will continue to be restricted in the US as the drugmaker struggles to expand production. Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tyco  ( 32 min )

Walt Disney trades higher after the entertainment giant says it will be raising prices for its streaming services, a report says Tapestry is in talks to acquire Capri, the parent company of Michael Kors, Jimmy Choo and Versace, and Applovin stock surges after the software company swings to a second-quarter profit.  ( 27 min )

The European Central Bank is on the back foot again and this time the bad news doesn't come from Greece, Italy or any of the usual suspects in the bloc's poorer south. The club's biggest member and supposed powerhouse, Germany, has been hit by a toxic mix of weak trading with key partner China, a slump in its large manufacturing and construction sectors and even some existential questions about a business model predicated on cheap fuel from Russia. Trouble in Germany is hobbling growth in the euro zone as a whole and threatening to push it into a recession, rather than the "soft landing" of moderate growth and inflation that the ECB had pencilled in and the United States is still hopeful of achieving.  ( 32 min )

(Bloomberg) -- It could take just a 1% move in the S&P 500 — up or down — every day for a week for the rally in US stocks to come under significant pressure.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tycoon Loses More Wealth Tha  ( 32 min )

(Bloomberg) -- Equity markets in Asia fluctuated Thursday following a tech-led sell-off on Wall Street as investors await US monthly inflation data that will help shape the outlook for the Federal Reserve’s next steps.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingRetirees Face $17,400 Cut to Social Security Benefits in 2033Everyone Wants to Work at UPS After Teamsters DealTycoon Wh  ( 33 min )

Danish drugmaker Novo Nordisk on Thursday raised its full-year profit and sales forecast for a second time, but said it would continue to restrict U.S. supplies of starter doses of its hugely popular Wegovy weight-loss drug. Novo Nordisk, Europe's second most-valuable listed company after LVMH, is riding on a wave of sky-high demand for its highly effective diabetes and weight-loss drugs Ozempic and Wegovy, which has sent its earnings and shares to record highs this year.  ( 31 min )

The Reserve Bank of India (RBI) on Thursday asked banks to set aside a larger part of incremental deposits under cash reserve ratio (CRR) to tighten liquidity in the near term. Banks shall maintain an incremental CRR of 10% on increase in deposits between May 19 and July 28, with effect from the fortnight starting Aug. 12, RBI Governor Shaktikanta Das said in his monetary policy announcement. Das however added that the measure was temporary to absorb liquidity generated by a return of high denomination notes, a move that was announced by the RBI in mid-May.  ( 30 min )

It still makes sense for long-term investors to own REITs with solid balance sheets in good real estate sectors, such as Kimco Realty, BXP, and VICI Properties.  ( 26 min )

Holders of odd lots under 100 shares should come out ahead after J&J splits off its Kenvue unit.  ( 26 min )

(Bloomberg) -- A monthly report on US consumer prices due Thursday is set to show a second straight reading for so-called core inflation that is consistent with the Federal Reserve’s 2% target on an annualized basis, according to Bloomberg Economics.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingRetirees Face $17,400 Cut to Social Security Benefits in 2033Everyone Wants to Work at U  ( 30 min )

The deal would be one of the biggest fashion tie-ups in recent years.  ( 28 min )

Amyris said it has secured a $190 million financing commitment to support day-to-day operations, adding that its entities outside the U.S. are not included in the bankruptcy proceedings. In a filing with the Delaware bankruptcy court, the company listed estimated assets in the range of $500 million to $1 billion and liabilities in the range of $1 billon to $10 billion. "Restructuring is intended to improve the Company's cost structure, capital structure, and liquidity position while streamlining Amyris' business portfolio to focus on its core competencies in R&D...," the company said.  ( 31 min )

(Bloomberg) -- Alibaba Group Holding Ltd.’s options are flashing positive signs ahead of the Chinese tech company’s June quarter results.Most Read from BloombergFirst American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealRetirees Face $17,400 Cut to Social Security Benefits in 2033Ecuador Presidential Candidate Villavicencio AssassinatedStock Traders Shun Risk in Run-Up to Key CPI Test: Markets WrapAs of Tuesday’s close, a bullish  ( 31 min )

The strong year-to-date gains in the stock market are impossible to deny, but August’s losses serve as a reminder that investors need to have a cautionary plan for tougher times. Furthermore, according to strategists from JPMorgan and Wells Fargo, these challenging times may be closer than we think. The gains have largely been powered by the AI boom in tech – and that has led to an unstable situation, with rising stock indexes resting on a narrow base. According to JPMorgan’s Chief Global Market  ( 34 min )

Bankrupt trucking giant Yellow said it has enough real estate and equipment it can sell to cover $1.2 billion it borrowed from the U.S. government and private lenders led by Apollo Global Management.  ( 28 min )

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The S&P 500 was little changed with a small gain of 0.03% on Thursday, Aug. 10, 2023 after a report on consumer prices showed inflation rose less than expected last month.  ( 1 min )

U.S. equities gained at midday on Thursday, Aug. 10, 2023 after the Labor Department reported consumer prices increased less than expected in July.  ( 1 min )

Inflation is expected to move higher in July and Disney shares are rising after it announced it would lift prices for its streaming services. Here’s what investors need to know today.  ( 1 min )

Een storing bij Rabobank zorgde er dinsdag voor dat klanten urenlang hun geldzaken niet konden regelen. De problemen deden zich voor op de website en in de app van Rabobank, maar zijn inmiddels opgelost.  ( 3 min )

Modebedrijf Tapestry neemt Capri Holdings over. Het concern betaalt 8,5 miljard dollar voor het moederbedrijf van Michael Kors, Jimmy Choo en Versace.  ( 3 min )

Chinese reisbureaus mogen voor het eerst sinds de coronapandemie weer reizen naar Nederland en bijna zeventig andere landen aanbieden. Internationale groepsreizen waren al enige tijd toegestaan, maar alleen naar een beperkt aantal landen.  ( 3 min )

Als je niet werkt omdat je kanker hebt, krijg je geen kinderopvangtoeslag van de Belastingdienst. Net als bij thuiszorg kan de gemeente dan hulp bieden. Maar die lokale aanpak zorgen voor onbegrijpelijke verschillen, zeggen gedupeerden tegen NU.nl.  ( 9 min )

Een storing bij Rabobank zorgt ervoor dat klanten op dit moment hun geldzaken niet kunnen regelen. De problemen doen zich voor op de website en in de app van Rabobank.  ( 3 min )

De NS heeft ook in het eerste half jaar van 2023 verlies geleden. Het bedrijf heeft niet genoeg treinkaartjes verkocht om alle kosten te dekken. "We hebben nog altijd fors minder reizigers dan voor corona", zegt NS-topman Wouter Koolmees.  ( 3 min )

Twitter (inmiddels bekend als X) moet een dwangsom van 350.000 dollar (ruim 317.000 euro) betalen. Het bedrijf van Elon Musk werkte niet op tijd mee aan een onderzoek naar de Amerikaanse oud-president Donald Trump.  ( 4 min )

De waarde van de roebel heeft deze week het laagste niveau bereikt in zestien maanden. Voor 1 euro betalen Russen nu 106 roebel. De lange daling lijkt even voorbij nu de Russische centrale bank ingrijpt.  ( 3 min )

De omwonenden van Tata Steel die naar de rechter stapten voor strengere eisen aan het staalbedrijf gaan in hoger beroep.  ( 4 min )

Het Radboudumc in Nijmegen is erin geslaagd zeldzame syndromen te herkennen met een gezichtsscan. De techniek moet artsen wereldwijd gaan helpen zeldzame afwijkingen te herkennen en de juiste diagnose te stellen.  ( 4 min )

Disney+-abonnees kunnen binnenkort mogelijk niet meer hun wachtwoord met bekenden delen. In navolging van Netflix wil ook Disney beginnen met handhaven.  ( 4 min )

Maaltijdboxbezorger HelloFresh ziet het aantal bestellingen teruglopen door bespaarzucht van consumenten. In het tweede kwartaal van dit jaar nam het aantal actieve klanten wereldwijd met bijna 9 procent af. Volgens HelloFresh komt dat door de hoge inflatie.  ( 3 min )

Rabobank heeft in de eerste helft van 2023 zijn nettowinst bijna verdubbeld. De bank maakte 2,5 miljard euro winst, tegen 1,3 miljard euro in dezelfde periode vorig jaar. Dat kwam vooral door een grote stijging van de rente-inkomsten.  ( 4 min )

Rabobank heeft in de eerste helft van 2023 z'n nettowinst bijna verdubbeld. Vooral door een grote stijging van de rente-inkomsten maakte Rabobank 2,5 miljard euro winst, tegen 1,3 miljard euro in dezelfde periode vorig jaar.  ( 4 min )

Industriële bedrijven in Nederland hebben in juni 7,7 procent minder geproduceerd dan in dezelfde maand een jaar eerder. Door de afkoeling van de wereldeconomie zakt de productie terug, net als bij onze oosterburen.  ( 3 min )

Omwonenden van Tata Steel vinden dat Noord-Holland de eisen voor de uitstoot van zwaveldioxide door de staalfabriek niet had mogen bijstellen. Zij zijn het niet eens met de rechter, die oordeelde dat de provincie geen regels overtrad, en gaan in hoger beroep.  ( 3 min )

Pro-Russische hackersgroepen hebben deze week meerdere Nederlandse websites platgelegd. Dat is een vergeldingsactie voor de steun van ons land aan Oekraïne. Maar we zijn nog niet in een cyberoorlog beland, stelt een expert gerust.  ( 3 min )

A student loan deferral can give you relief from your debts, but there can be long-term consequences to your credit score. Learn how deferrals affect your credit score.  ( 23 min )

Graduate business school costs time and money, and there are career-enhancing alternatives.  ( 20 min )

If it's time for a change, it's important that you understand how much your current home is worth. Read on to decide if now's the time to move.  ( 21 min )

Capitalism promotes free market conditions, whereas socialism incorporates certain elements of centralized economic planning. Read more to learn the differences between capitalism and socialism.  ( 34 min )

The financial crisis of 2008 and the great recession that followed is still fresh in the memories of many investors.  ( 22 min )

The Questrom School of Business is the business school located at Boston University. It was previously known as the Boston University School of Management.  ( 23 min )

Be careful of websites making bogus offers of free credit scores. If a site asks for credit card information, you’ll most likely end up being charged.  ( 22 min )

Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.  ( 20 min )

The Supreme Court dealt a setback to video game publisher Epic in its battle against Apple over how the iPhone giant treats developers that sell programs on the App store.  ( 17 min )

Best Buy credit card offers promotional financing and cash-back rewards to incentivize higher spending.  ( 24 min )

UCLA Anderson School of Management is the University of California's graduate business school and one of the highest-ranked MBA programs in the United States.  ( 20 min )

DARPA will award up to $20 million in prize money to companies that use AI to develop stronger cybersecurity tools, with Google, Microsoft and OpenAI collaborating.  ( 17 min )

CDs can be a great way to get a fixed guaranteed return on your investment. See if State Farm’s CDs—offered through U.S. Bank—make sense for you and your money.  ( 23 min )

You can put your down payment savings to work earning as much as 5.75% APY until it's time to buy. Here are three risk-free ways to do so.  ( 17 min )

Bracketed sell order is a short sell order that is accompanied by a conditional buy order above and a buy limit order below the initial sell order.  ( 18 min )

The S&P 500 dipped 0.7% on Wednesday, Aug. 9, 2023 as tech stocks fell ahead of Thursday's key consumer inflation report.  ( 16 min )

A lawsuit by conservative advocacy groups could defeat President Joe Biden’s latest plan to forgive student loan debt even if it doesn’t ultimately win in court.  ( 19 min )

Going to graduate school right after college keeps your education momentum going, but sometimes it pays to wait. Here's how to decide.  ( 21 min )

Offering a comprehensive suite of financial services can bring in business, but coordination and customization are key to success and customer retention.  ( 20 min )

ADRs of Sony tumbled after the entertainment giant warned that strikes by TV and movie actors and writers will drag down current quarter revenue.  ( 18 min )

ADRs of Honda advanced as the carmaker reported a big increase in U.S. sales and announced a stock split.  ( 16 min )

ADRs of Sony tumbled after the entertainment giant warned that strikes by TV and movie actors and writers will drag down current quarter revenue.  ( 17 min )

Google AI-powered flight routes reduced global warming inducing contrails—white lines in the sky left behind by planes-without materially increasing fuel consumption.  ( 17 min )

Robo-advisors are less expensive but a financial advisor will provide more personalized service.  ( 25 min )

A default happens when a borrower fails to make required payments on a debt, whether of interest or principal. Find out what the consequences of default are.  ( 28 min )

Jobs growth is a measure of how many nonfarm jobs the U.S. economy added in the prior month as estimated by the U.S. Bureau of Labor Statistics (BLS).  ( 21 min )

The Sustainability Accounting Standards Board (SASB) developed standards for companies to report sustainability issues that could affect their value.  ( 22 min )

A decline in the dollar’s share of allocated foreign exchange reserves has fueled talk of de-dollarization, which involves reducing reliance on the U.S. dollar as a reserve currency.  ( 22 min )

Electric vehicle (EV) maker Rivian Automotive keeps losing money on every vehicle it makes, but losses have narrowed and the company expects profitability by the end of 2024.  ( 17 min )

Data analytics is the science of analyzing raw data in order to make conclusions about that information. It helps businesses perform more efficiently and maximize profit.  ( 24 min )

The Bureau of Labor Statistics' employment report is a widely watched indicator of economic well-being that directly influences the market.  ( 26 min )

The National Association of College and University Business Officers (NACUBO) is a membership organization focused on the educational sector.  ( 22 min )

The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work.  ( 32 min )

Mortgage applications declined 3.1% from the previous week as the average interest rate for FHA-backed mortgages increased to 7.02%—the highest in almost 21 years—according to data from the Mortgage Bankers Association.  ( 18 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics.  ( 20 min )

Roblox shares tumbled after the online gaming platform’s second-quarter loss per share widened because of increased costs.  ( 16 min )

In most cases, your car insurance company does not report accidents to the DMV, but states require police to under certain circumstances.  ( 22 min )

U.S. equities declined at midday on Wednesday, Aug. 9, 2023, on the latest batch of earnings reports and as the market awaits key inflation data.  ( 16 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.  ( 17 min )

Shares of Decibel Therapeutics skyrocketed after Regeneron Pharmaceuticals agreed to buy the biotech firm for up to $213 million to expand its gene therapy pipeline.  ( 16 min )

Obtaining a company's prospectus—or other financial documents—is now a simple online task.  ( 20 min )

Credit Unions often offer lower interest rates on the loans they offer. Learn how to get a credit union personal loan and reap the benefits of being a member.  ( 21 min )

GDP per capitais a metric that breaks down a country's GDP per person and is calculated by dividing the GDP of a country by its population.  ( 25 min )

Marginal benefit is an incremental change in a consumer's benefit, while marginal cost is an incremental change in a company's production expense.  ( 23 min )

Colleges, universities, and other schools face funding challenges for a variety of reasons. Learn how schools make money and how they use it.  ( 24 min )

Amazon is reportedly in talks to become an anchor investor in the IPO of Arm Ltd., a British semiconductor and software design company. The IPO, expected to be one of the largest this year, could help Amazon boost its cloud business.  ( 18 min )

The U.S. runs both fiscal and current account deficits, which together are referred to as twin deficits.  ( 21 min )

The labor force participation rate is a measurement of an economy’s active workforce.  ( 31 min )

A personal loan will briefly affect your credit score both when you take one out and when you pay it off. Longer-term impacts can result from how well (or how poorly) you manage your debt.  ( 22 min )

Tenancy at sufferance is a legal circumstance when a property renter continues to live on a property after a lease term has expired.  ( 18 min )

Rates on 30-year mortgages have sunk almost a quarter percentage point over the past three days, with the averages on almost every other loan type dropping as well.  ( 20 min )

Penn Entertainment shares surged after inking a $2 billion deal to rebrand and relaunch its sportsbook as ESPN Bet.  ( 17 min )

The Kelley School of Business is the business school of Indiana University. It offers programs in finance, accounting, marketing, and management.  ( 23 min )

Mass production allows consumer goods to be made for the broadest possible market, lowering costs overall.  ( 22 min )

Index funds and robo-advisors stand out as accessible and effective tools for individuals aiming to grow their wealth.  ( 26 min )

The reluctance of workers to return to the office, its checkered financial history, and considerable losses have led flexible workspace provider WeWork to express "substantial doubt" over its ability to remain in business.  ( 18 min )

What is the difference between representative samples and random samples, and how are they are used to reduce sampling bias?  ( 21 min )

Unemployment is the term for when a person who is actively seeking a job is unable to find work.  ( 28 min )

The IE Business School is a business school based in Madrid, Spain, which offers both undergraduate and graduate programs.  ( 21 min )

Only 18% of Americans believe now is a good time to buy a home, even as consumers report improved job security and financial health, according to a new survey from Fannie Mae.  ( 18 min )

Shares of Penn Entertainment surged after it struck a branding deal with ESPN and shares of online loan provider Upstart dove after its lower-than-expected quarterly revenue forecast. Here’s what investors need to know today.  ( 18 min )

June inflation was the lowest annual rate in more than two years. But how long will it take to get under the Federal Reserve's target rate of 2%?  ( 18 min )

The University of Chicago’s Booth School of Business is the graduate business school of the University of Chicago.  ( 21 min )

Find out which college majors give you the best odds of joining the wealthiest percentile of Americans.  ( 23 min )

The graduate record examination (GRE) is a standardized test that measures one's aptitude for abstract thinking.  ( 24 min )

Grad schools typically take a holistic approach when evaluating applicants. Emphasize your strengths while addressing your weaknesses.  ( 25 min )

Group term life insurance is life insurance offered as an employee benefit. Often a base amount is covered at no charge, with the option to add more.  ( 25 min )

The Old Lady is a nickname for the Bank of England, originating from a 1797 political cartoon.  ( 19 min )

What battery metals are to gigafactories, helium is to everything from scientific research, medical technology and high-tech manufacturing to space exploration and national defense  ( 41 min )

Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan. The post Proterra won’t fight Nasdaq delisting following bankruptcy filing appeared first on FreightWaves.  ( 32 min )

"Equities seem oversold as well. So, we think the probability for stocks to rally strongly after CPI is very high," Fundstrat's Tom Lee said.  ( 31 min )

The Johnson & Johnson spinoff is the consumer health company that makes Listerine and Tylenol.  ( 26 min )

Disney said Wednesday it will raise the price of its streaming services Disney+ and Hulu for the second time this year.  ( 32 min )

A conservative legal group on Wednesday urged a U.S. anti-discrimination agency to investigate Kellogg Co over workplace diversity policies that it says are unlawful, and accused the cereal maker of sexualizing its products. This is the second complaint filed this week against a company by America First Legal, a nonprofit run by Stephen Miller, who was an adviser to former President Donald Trump. America First in a letter to the U.S. Equal Employment Opportunity Commission (EEOC) said Kellogg's hiring, training and promotion practices are designed to achieve a balance based on race and sex that violates the federal law banning workplace bias.  ( 31 min )

The entertainment giant’s is raising the cost of the ad-free versions of Disney+ and Hulu by more than 20% each.  ( 26 min )

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Shares of the AI chip maker slumped despite a lack of news. Is more downside ahead?  ( 26 min )

The U.S. Securities and Exchange Commission (SEC) said it would file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, the regulator said in a court filing Wednesday.  ( 31 min )

(Bloomberg) -- Proterra Inc., the electric bus maker touted by President Joe Biden that filed for bankruptcy this week, was the recipient of millions of dollars in US Covid-relief government aid. Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, Chin  ( 32 min )

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Baidu, TikTok-owner ByteDance, Tencent and Alibaba have made orders worth $1 billion to acquire about 100,000 A800 processors from the U.S. chipmaker to be delivered this year, the FT reported, citing multiple people familiar with the matter. The Biden administration last October issued a sweeping set of rules designed to freeze China's semiconductor industry in place while the U.S. pours billions of dollars in subsidies into its chip industry. Nvidia offers the A800 processor in China to meet export control rules after U.S. officials asked the company to stop exporting its two top computing chips to the country for AI-related work.  ( 31 min )

Disney reported earnings after the bell on Wednesday. Here's what to know.  ( 33 min )

Disney reported earnings after the bell on Wednesday. Here's what to know.  ( 33 min )

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Stocks were down, failing to shake off losses driven by banking-sector worries as attention shifted to a key US inflation report.  ( 31 min )

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It's always good for an investor to check in on the Buffett Indicator.  ( 33 min )

"Flexible workspaces have a future in the office ecosystem, but WeWork, in its current state, may not," BTIG analysts wrote Wednesday.  ( 33 min )

July CPI is a key factor in the Federal Reserve's decision on whether to hike interest rates next month.  ( 31 min )

John Schnatter, founder and former CEO of Papa John’s International Inc., this week reacted to the news of his case going to trial.  ( 11 min )

(Bloomberg) -- Upstart Holdings Inc.’s breakneck rally is losing momentum after the lending platform that uses artificial intelligence provided a disappointing outlook.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealFirst American City to Tame Inflation Owes Its Success to Affordable HousingTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureNasdaq 100 Drops 1% in Run-Up to Key CPI Report: Markets Wr  ( 31 min )

Customers on the legacy Mix and Match plans will have to pay $3 more for single lines and $5 more for multiple lines, finance chief Tony Skiadas said at an investor conference on Wednesday. Last month, Bloomberg reported that Verizon was raising the monthly price on its wireless home internet offering by $10.  ( 31 min )

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Roblox shares tumbled after the online gaming platform’s second-quarter loss per share widened because of increased costs.  ( 17 min )

WeWork warned investors that there is "substantial doubt" it can stay in business, marking a new twist in the troubled company's staggering rise, fall, rebirth and potential imminent collapse.  ( 32 min )

August hasn't been kind to the high-flying tech company.  ( 26 min )

Wall Street expects the e-commerce giant to post decent earnings and revenue growth. Gloomy signs on China's economy cloud the outlook.  ( 26 min )

Russia effectively abandoned its budget rule on Wednesday as the central bank said it would stop conducting finance ministry foreign currency purchases from Aug. 10 until the end of the year to try and prevent the rouble from plumbing new depths. The rouble pared losses on the news. Earlier on Wednesday it sank to its lowest for more than 16 months, past 98 to the dollar, hampered by strong demand for foreign currency and a lack of supply, with a shrinking trade surplus and widening budget deficit also hurting sentiment.  ( 30 min )

Nio Inc investors can proceed as a class in a lawsuit claiming the Chinese electric vehicle maker lied about building its own factory in Shanghai during its 2018 initial public offering, a U.S. judge has ruled. The lawsuit in federal court in New York seeks damages from Nio, its executives and underwriters for a decline in share price after the carmaker said in March 2019 that it had scrapped plans to build the new factory it had said was "under construction" during the IPO. U.S. District Judge Nicholas Garaufis issued an order late Tuesday certifying a class of all investors who bought Nio American Depositary Shares (ADS) in the September 2018 IPO, and a class of investors who purchased ADS between Oct. 8, 2018 and March 5, 2019.  ( 31 min )

Stocks were down, failing to shake off losses driven by banking-sector worries as attention shifted to a key US inflation report.  ( 31 min )

The average U.S. 30-year mortgage rate jumped to a nine-month peak on Wednesday and hit the second-highest rate since 2001, as interest rates reacted sharply to a downgrading of U.S. government debt. The average 30-year mortgage rate shot up to 7.09% for the week ending Aug. 4, a 16 basis point increase from the previous week's 6.93% rate, according to a weekly report released by the Mortgage Bankers Association. Potential borrowers adjusted promptly to the surging cost of borrowing: the mortgage applications index - a measure of total mortgage application volume - fell 3.1% to a six-month low of 194.5.  ( 30 min )

Shares of the tech giant have slumped since it reported earnings last week.  ( 26 min )

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Speaking at a J.P. Morgan investor conference, GM Chief Financial Officer Paul Jacobson said the automaker's electric vehicles, from Cadillac Lyriq SUVs to BrightDrop vans, had been affected by an issue with assembling battery modules - a stumbling block first noted last week by Chief Executive Mary Barra. Jacobson said GM had built more than 1,000 Lyriqs in July -- still well below the company's initial expectations. GM in early 2022 said it expected to build 25,000 Lyriqs at the company's Spring Hill, Tennessee, plant last year, but fell far short of that target.  ( 30 min )

Fitch Ratings recently downgraded the United States' long-term foreign-currency issuer default rating from its highest AAA rating to AA+, and stocks fell on the news. But CNBC's Jim Cramer appears unfazed by the decision. "I'm not concerned about the Fitch downgrade," the "Mad Money" host said. "I am concerned that too many people remain too sanguine at the moment because that's not what we want to see. When you get too many bulls, it tends to eventually cause a nasty sell-off — so maybe some fe  ( 33 min )

The S&P 500 has notched some very respectable returns this year, but there’s reason to believe it is only the beginning of a sustained multiyear rally. At least, that is the opinion of ‘Shark Tank’ star Kevin O’Leary, who believes that while various sectors of the US economy will be dealing with a series of difficulties, the S&P 500 is poised to ride the momentum of increased government expenditure in the upcoming years. O’Leary anticipates that the CHIPS and Science Act along with the Inflation  ( 35 min )

The bears haven taken a bite out of Apple in August.  ( 32 min )

The British pound continues to show strength in the form of support.  ( 32 min )

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Shares in sports gambling names have fallen in the wake of Penn's $2 billion deal for ESPN rights.  ( 27 min )

Disney will report earnings after the bell on Wednesday. Here's what to know.  ( 33 min )

The online platform for medical professionals said pharmaceutical companies are slowing down in shifting to handling information digitally.  ( 26 min )

(Bloomberg) -- Roblox Corp. plunged by the most in nine months after reporting that people were spending less time playing its games in the second quarter and missing Wall Street’s estimates.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorTesla CFO Kirkhorn Exits With $590 Million FortuneWall Street WhatsApp, Texting Fines Exceed $2.5 BillionRoblox  ( 31 min )

The company, which charters planes by the hour, has made a slew of restructuring measures this year, including job cuts and management changes. Delta said in a statement that it was providing a short-term capital infusion in the form of a secured promissory note as Wheels Up pursues strategic partnerships.  ( 31 min )

The company posts a second-quarter net loss of 46 cents a share. A year ago, it posted a loss of 30 cents.  ( 26 min )

Bank of America said more people had been taking hardship distributions from their retirement plans in recent months in a sign consumers may be running out of savings to propel economic growth.  ( 32 min )

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Arm plans to raise around $10 billion in its IPO.  ( 11 min )

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TUI is acutely aware that its holiday package tours could be prone to seasonality shifts, as the group has just had to deal with the impact of severe weather warnings and wildfires. Despite all this and rising prices, travel demand from its main markets remains strong.  ( 32 min )

(Bloomberg) -- Carvana Co. raised its profit outlook as the used-car retailer said the momentum it saw from an early-year turnaround is carrying into the third quarter.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorTesla CFO Kirkhorn Exits With $590 Million FortuneWall Street WhatsApp, Texting Fines Exceed $2.5 BillionAdjusted earnings before inter  ( 31 min )

Wall Street has many worries, including softer demand for Disney+ and weak performance at the box office.  ( 26 min )

The software company lifted its adjusted operating income guidance for the year.  ( 26 min )

Tuesday evening, electric-vehicle start-up Rivian reported strong second-quarter numbers, and increased production guidance. Analysts and investors are happy.  ( 26 min )

Lidar maker Luminar Technologies reports second-quarter results in line with Wall Street expectations and maintains full-year financial guidance.  ( 26 min )

Shares of Penn Entertainment surged after it struck a branding deal with ESPN and shares of online loan provider Upstart dove after its lower-than-expected quarterly revenue forecast. Here’s what investors need to know today.  ( 19 min )

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Stock futures rose Wednesday, looking to shake off losses driven by banking-sector worries, as attention shifted to a key US inflation report in the wake of disappointing Chinese price data.  ( 31 min )

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Philadelphia Fed President Patrick Harker said on Tuesday the U.S. central bank may be at the stage where it can leave interest rates where they are, barring any abrupt change in the direction of recent economic data. However, some central bank officials are still leaning the other way, with Fed Governor Michelle Bowman on Monday saying the combination of still-elevated inflation and continued economic growth meant further rate increases are likely. Wall Street's main indexes ended the previous session lower in a broad selloff after the downgrading of several small and mid-sized banks by credit rating agency Moody's reignited fears about the health of U.S. lenders and the economy.  ( 32 min )

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Shares of Upstart fall sharply after the artificial-intelligence lending company issues a third-quarter earnings and revenue forecast that was below expectations, while Penn Entertainment surges after striking a deal with ESPN.  ( 27 min )

(Bloomberg) -- Oil was steady — after closing at the highest since mid-April on concerns about a possible escalation of the conflict between Ukraine and Russia — ahead of data that may show swelling US crude stockpiles. Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionTesla CFO Kirkhorn Exits With $  ( 31 min )

Almost half of Chinese undergraduates returned to their hometowns last year within six months of graduation, state media reported, with the proportion rising to 47% from 43% in 2018 amid a sagging job market. Feeling the pinch of rising living costs, jobless Chinese youth have been leaving mega-cities, traditionally the stepping stone to middle-class wealth and beyond, for their hometowns with a slowing economy this year further pushing them away. The proportion of undergraduates returning home six months after graduation climbed to 47% in 2022 from 43% in 2018, state-run China News Service reported on Tuesday, citing a private sector survey.  ( 30 min )

(Bloomberg) -- China’s former biggest builder Country Garden Holdings Co. has joined the ranks of once-strong developers that are deferring millions of dollars in payments, underscoring the sector’s entrenched debt woes.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionTesla CFO Kirkhorn Exits With $  ( 32 min )

Wall Street has many worries, including softer demand for Disney+ and weak performance by the company's movies at the box office.  ( 26 min )

A capitulation among market naysayers comes just as market risks are rising. Consider protecting some of your 2023 gains with this hedging strategy.  ( 26 min )

(Bloomberg) -- China’s largest tech companies Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have gained $66 billion in market value since May’s end, propelled by expectations of a gradual return to pre-crackdown growth and a litany of official promises to unshackle the private sector. Yet some investors warn the celebration may be premature.Most Read from BloombergUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureWall S  ( 34 min )

China's consumer prices posted their first annual decline in more than two years in July, while factory gate prices extended their falls, data showed on Wednesday, as lacklustre demand weighed on the economy. The only bright spot was that the core CPI rebounded to 0.8% due to seasonal tourism during the summer, but I am afraid that it may lack sustainability. Given the base remained high last year, CPI will hardly rebound significantly in the second half of the year.  ( 31 min )

BEIJING (Reuters) -China's consumer sector fell into deflation and factory-gate prices extended declines in July, as the world's second-largest economy struggled to revive demand and pressure mounted for Beijing to release more direct policy stimulus. Anxiety is rising that China is entering an era of much slower economic growth akin to the period of Japan's "lost decades", which saw consumer prices and wages stagnate for a generation, a stark contrast to the rapid inflation seen elsewhere. China's post-pandemic recovery has slowed after a brisk start in the first quarter as demand at home and abroad weakened and a flurry of policies to support the economy failed to shore up activity.  ( 32 min )